$1,000 went on T's student loan today. Approximately 3,800 left and then it's on to the next debt!
We did receive some bad news regarding our tenants. Turns out they won't be receiving government assistance and will need to pay us out of pocket. I hate to make assumptions, but I doubt they will be making the payments. My mother has already called and their phone number is disconnected. In the next few weeks we'lll have to see if eviction will be necessary. This means we have to come up with our total mortgage payment of $665. We were already kicking in few hundred since the government assistance wasn't enough, but this was not in our plans. It'll slow down our debt payoff plan, but I guess that's how it has to be for now. It's a shame the place has lost so much value since we bought our half from my parents. Selling isn't an option since the value is so low (and my parents depend on their half they receive in rent). I'm just so grateful that my husband and I got our finances out of the hole 1.5 years ago and can afford these nuisances. Once my student loan is out of the way we can focus on paying off the rental property.
1,000 Student Loan Payment!
December 29th, 2009 at 03:34 pm
December 29th, 2009 at 04:20 pm 1262103617
January 1st, 2010 at 05:42 pm 1262367721
Jerry