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Foreclosure in a land contract by lessee. Our rights?

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Ereiss66 Guest	Posted: Sun Apr 17, 2011 5:39 am    Post subject: Foreclosure in a land contract by lessee. Our rights? Like 0 Dislike 0 We signed a land contract on a home in June, and moved in. We have made monthly payments on time until we started getting mailings from banks for lessee. We asked repeatedly for proof that mortgage was up to date starting in October. He ignored request. We stopped sending him our lease payment in January, saying we would forward it once he provided proof, which the contract indicates was our right to know. We received notice of foreclosure last week. We are listed as defendants who may have a claim. What are our rights, if any? What do we do about lease payment? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10569 Location: ALASKA 1090.22 Dollars($)	Posted: Sun Apr 17, 2011 8:37 pm    Post subject: Like 0 Dislike 0 Welcome Ereiss, You should contact an attorney and discuss the whole matter with him. He will let you know the steps to stop the foreclosure and what actions you might take against the lessee. _________________ Procrastination is the enemy of your financial success

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