Rent Free

I've neglected this blog for a while, as nothing interesting is happening.  In the last few months, we made two offers to Bank Of America to buy the house we live in for a short-sale price.  The bank valued the house 55k over what we offered.  We felt our price was fair, and what we can afford.  The bank wanted more.

I am curious about the big picture for the bank.  55k is a ton of money for me, but I am thinking it is not much for the bank.  I think we will submit another offer that is a bit higher (just a bit) and see if they bite.  If not, we can move when the house sells or the bank owns it.  We have 60 days to be out after that time.

For now the rent is very reasonable.  The owners are not charging us rent anymore.