Today's Focus

Current Goal: Eliminate Mortgage on Rental Property

January 1, 2019: $59,592
May 25, 2020: $49,531
2/14/20 paid $750 towards principal
3/20/20 paid $1000 towards principal
4/17/20 paid $1000 towards principal
5/5/20 paid $2000 towards principal

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Wednesday, August 10

No Termites

I haven't heard back from Fannie Mae about whether they accepted my counter offer, but I did receive a copy of the wood infestation report. Strangely, even though the listing agent said the house was eaten up by termites, the report says there is no infestation and no evidence of prior infestations. My uncle who is my agent said it may be the listing agent was trying to scare me off because he has someone in mind to sell the house to.

With that I told my uncle I would be comfortable accepting the $23,000 price Fannie Mae offered if they don't accept my offer of $22,500.

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