I Bought a House From a Meth Addict
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 2 April 2024
⏱️ 8 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.3 | What's going on, Maria? |
| 0:08.7 | Hi, thanks for taking my call. So I purchased a home from a meth addict and I'm now $33,000 in debt because I had to do remediation on the home after I closed. |
| 0:24.2 | And I'm just curious how I should best pay this off and salvage my credit. |
| 0:29.1 | I did receive a settlement from the owner after discovering this problem, but I still have probably 80K and repairs to make to the home. |
| 0:40.3 | And I'm just curious how I can pay it down and salvage my credit. |
| 0:44.3 | So how much total debt do you have outside of a mortgage? |
| 0:47.3 | The $32,000. I don't have any other debt outside of my mortgage. |
| 0:52.3 | How many cards is that across? |
| 0:55.5 | Across three cards. |
| 0:58.0 | How much money are you bringing in every month? |
| 1:02.2 | I'm bringing in about $4,000, no, probably $5,500. |
| 1:09.8 | $5,500. |
| 1:10.3 | And then what portion of that is your mortgage payment |
| 1:14.0 | 2,800 yipes all right we got troubles we got troubles so tell me a little bit more about this |
| 1:23.1 | did you call it a remediation yeah so, so they had to rip out the kitchen, all the doors, all the lighting, anything porous, anything wood. |
| 1:36.3 | So I basically bought the home and then they stripped it. |
| 1:40.4 | I found out two days after closing that she had a drone problem. That's my question. No, yeah, none of this come up in the inspection that's |
| 1:44.9 | my question no yeah none of it came up in the inspection so how did it come up I received a police |
| 1:52.5 | report that I had requested um two days after closing I had received every other police report and they |
| 1:59.0 | have some police activity at this property because |
| 2:01.9 | I did my due diligence and I looked through it. |
... |
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