MONEY MORAL DILEMMA: Would you buy your neighbours’ repossessed house?

Taffybiker

Yes. If I wanted and could afford the house, I see no reason not to buy it. I would do the same even if it were family. Like others have said, the previous owners have already lost it through no fault of mine.
In the case of family though I may consider renting it back to them, particularly if children are involved but that would be on the strict understanding that rent is kept up to date or they would face eviction for a second time. This way, they get a second chance and I have someone buying my house for me.

fiish

Yes I would.

There is nothing I could have done to prevent them getting into that situation anyway (getting repossessed), and as mentioned the neighbours are not close friends.

You're not taking advantage of your neighbours, although it would probably be wise to not tell them that you've been eyeing their place for years or anything similar

Liquorice_Twirls

Yes I would because otherwise someone else would anyway.

It's not like you gave them bad advice which meant they got into this financial situation or anything so I would feel I could buy the house and have no moral issues with doing so.

Enterprise_1701C

Definitely - they may even feel better if it was going to someone they know.

Shytalker

Yes. It is unlikely that they would hold it against you. Let's face it, you would kick yourself afterwards for missing the opportunity and, anyway, if you had any pangs of guilt the feeling would not last long. Your old neighbour would have moved elsewhere by then.

kingkano

Yes most definitely. Why not?

luxor4t

Yes, why not?

It is an open sale & not as if I was throwing them out of their home.

stephb34

My poor friend is having to sell her house due to her husband running off with another woman (using the term woman loosely dont know if im allowed to put slapper). She can't afford all the mortgage on her own and he's refusing to pay his half or support his child so her only option is to sell or have it repossed, so we're thinking of buying her house off her and letting her rent it back so she still has somewhere nice to live, but this is pulling with my conscience, feel like we're profitting out of her misery, but then think at least she's still able to live in the lovely house she's had nearly 20 years.
By the way she's been to court he's signed to pay but is now refusing she cant physically extract the money out of him how does that work, she cant afford to go to court again or pay anymore solicitors fees, im gutted for her.

toadhall

yes, its not as if they are close friends, although i might still buy it

fallenwiccan

stephb34 wrote: »

My poor friend is having to sell her house due to her husband running off with another woman (using the term woman loosely dont know if im allowed to put slapper). She can't afford all the mortgage on her own and he's refusing to pay his half or support his child so her only option is to sell or have it repossed, so we're thinking of buying her house off her and letting her rent it back so she still has somewhere nice to live, but this is pulling with my conscience, feel like we're profitting out of her misery, but then think at least she's still able to live in the lovely house she's had nearly 20 years.
By the way she's been to court he's signed to pay but is now refusing she cant physically extract the money out of him how does that work, she cant afford to go to court again or pay anymore solicitors fees, im gutted for her.

i think that's an incredibly nice thing you're willing to do for your friend and you should be applauded :T:T:T

I'd buy at a reasonable price, I'm still at university but am building up a decent amount for a deposit on a house when I leave, but right now it just feels entirely out of my reach