|Need a win-win-win solution||<– Date –> <– Thread –>|
|From: Leti Mudlo (leti_mudloyahoo.com)|
|Date: Fri, 6 Oct 2006 08:04:17 -0700 (PDT)|
Dear Co-Housing folks, Two and a half years ago I moved out of a co-housing community to temporarily gain more space for me and my three teenage children. Co-housing was a blessing for me as a single parent because my children were safe and thrived in a very fun and nurturing environment. I also never felt lonely. As the kids grew up and starting driving, the parking limitations became an issue, not only for them, but all their wonderful friends. I found a nice house nearby for a good price and plenty of space for everyone, and since the kids would all be graduated from high school in three years, it made perfect sense to make the change for a short while. A family of five in our community lived in a small three bedroom, 2-level condo just across the pedway. They desperately needed more space so they offered to rent my 4 bedroom, 3-bath, 3-level townhouse. Their intention was also to purchase my townhouse after the first year. They were also able to find a family of two to rent their home. So, all three families made the move at the same time. The situation today, two and a half years later, is that due to difficult financial circumstances, the family of 5 cannot afford to purchase the townhouse. On the other hand they have ALWAYS been able to pay their rent on time, and they keep their home immaculate. Not only are they my tenants, they are my good friends. The interest rate on the mortgage will begin to increase annually beginning on January 1st, and each year thereafter. Interest rates are also higher than standard residential rates; therefore, refinancing the loan would result in a much higher monthly payment. Their lease ends on June 30, 2007. I would say that one win-win-win solution would include someone who has a passion for co-housing and is interested in being an individual or partial investor in this property for the long-term. Co-housing is about helping others, sharing in the work and problem solving together. The timing of these rate changes is sooner than I expected, and I?m not ready to move back to the community until I can help my children transition into college or their own homes ? which will take about another two years. Another solution would be to find someone who would like to purchase the property and move into the place on July 1, 2006. Perhaps there are other solutions out there, thus the reason I?m asking for your help. What are your thoughts? If you have an opinion, a suggestion, or an interest in this situation, please respond to me directly at leti_mudlo [at] yahoo.com or you may call me anytime at 303-981-5811. Thank you so much, Leti in Colorado
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