The situation with our home has taught me exactly how true that is.
Let's start at the beginning. DJ used to live in Florida, where he went to school. When he moved back to the area a few years ago there was a house for sale in between his sister & grandmother. Having just been in school he wasn't in a position to buy a house. An angel of a family friend wanted to help because he thought the size of the house & location were perfect for DJ. So this angel bought the property & made some modifications with the intention of doing a lease to own agreement with DJ.
As time went on it became apparent that this house really wasn't in the best shape, & not much could be done about it. It wasn't the kind of place DJ could live in forever given that his mobility would be decreasing over time because of the MD. And then to put the cherry on top, I'm in the picture now - so there's two of us, a dog & 2 devil cats living in this very tiny house.
So, the angel does his angel-y (I just make up words sometimes. You like?) thing once again, & tells us that he's talked to another business owner/angel in the area, & they're going to build us a brand new house. Not only are they building the house for us, but they're donating the labor - so our cost would be materials & the initial cost of the property - a big ass lot that was cheap because of the house that was on it.
The house was built. We've been living here for almost a year now. Trying to get a mortgage has been the biggest headache ever. Our credit is great, & we have the income to make the payments - but our unusual situation has been a hinderance time & time again. We were actually supposed to settle 4 different time since April of last year, but on the day of our settlement our contact at the bank found some problem...all 4 times. The mortgage lady at the bank is totally disorganized, which added to the issues. The only reason we stayed with that bank is because our initial agreement with them was done in time that allowed us to get the first time homebuyer tax credit. But in the end, we didn't get a mortgage.
After all that we needed a break for a while, but now it's time to get back into the swing of things. So the angel was discussing our situation with the local bank, & we're going to get together as a group to discuss it.
I have all my fingers & toes crossed in hopes that it works out this time, because honestly...I feel like a freaking bum. The angel hasn't asked us to pay rent, because the bank will pay him for the entire cost of the property & new house. And although it doesn't phase him, I feel like a squatter.
Wish us luck!