Historically, that is a good rate that only seems high now because we are so used to the artificially low rates of the last few years in these unprecedented times of sustained low rates.

The out of pocket down payment expense is the bigger concern about getting away from under this rogue note holder.Any ideas on this unprecedented situation would be appreciated as well.Thank you.

Obviously this is uncharacteristic of a "normal market" when speaking about the market historically, and this is due to the unprecedentedly low mortgage rates in the first half of 2022.

I'm planning on experiencing unprecedented misery and sorrow as I learn through the school of hard knocks!

@David Abbate This is unprecedented.

I have not discussed with them, but I’m prepared to do the right thing in these unprecedented times and help them out - I have last month’s rent and security deposit (stipulation of move in).

I have extensive real estate experience as having been a realtor in NY for many years.I recently moved to Florida to take advantage of the unprecedented opportunities offered by the pre-foreclosure market here in South Florida.What I do is package deals for private investors located anywhere in the USA.

The first is a national bump that he calls the “Trump Effect,” which is the unprecedented improvement in the stock market following President Donald Trump’s election.

There's nothing unprecedented here in my opinion.

rental properties w/ gov't-subsidized interest rates is historically unheard of and unprecedented (unless you look back at Feudal Europe and you are of noble blood and trying to build a castle and you helped the King win his last war against France or whatever).