I signed a contract to buy a mobile home and now the owner who doesnt really own it?
Thursday, April 29th, 2010 at
3:59 pm
Tia W asked:
says that I was leasing with option to buy. 13000$ payments later, after I paid to have it moved and put on my property, paid homeowners insurance on it, and done lots of repairs, she still owes greentree 13000$ on the trailer and I still have to make the payment or she said she will evict me! How can she evict me off my own property/ Or take my home thats been on my property for almost 4 years? Are contracts binding if she doesnt actually own the mobile home?
http://mobilehomereplacementwindows.org/
says that I was leasing with option to buy. 13000$ payments later, after I paid to have it moved and put on my property, paid homeowners insurance on it, and done lots of repairs, she still owes greentree 13000$ on the trailer and I still have to make the payment or she said she will evict me! How can she evict me off my own property/ Or take my home thats been on my property for almost 4 years? Are contracts binding if she doesnt actually own the mobile home?
http://mobilehomereplacementwindows.org/
Tagged with: Contracts • Greentree • Homeowners Insurance
Filed under: Repairs
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If you have a lease with the option to buy then title wasn’t transfered to you at the time of purchase. You could exercise the option to buy now, but if she still owes $13k and it’s not worth that, you better plan on moving. If you have been making payments she can’t evict you, but under the circumstances why would you stay. That’s the risk with a lease purchase, you don’t know the status of the title until it may be too late. You left out some important information such as If you excercise the option to purchase, what is the purchase price and what part of your lease payments, if any, are credited towards the purchase price? If she is unable to transfer title free of any liens, you might have some grounds for legal action, but talk to an attorney first.
realtor.sailor