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Old 05-11-2002, 08:12 AM
Andromida1128
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Foreclosure information needed


I live in Greeneville Tennessee, and my question is. In 1992 I entered into a rent-to-own contract with a local realtor, in which the deed to the house was put into my name. After aprox 1 year, I fell on hard times & got behind in payments. The realtor told me to move, and being nieve I did. Just recently I discovered that the house is still in my name, listing me as legal owner. The house is being rented at this time . Can he legally rent this property while it is still registered to me? What course of action can I take in this matter?
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Old 05-11-2002, 01:11 PM
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Re: Foreclosure information needed


Quote:
Originally posted by Andromida1128
I live in Greeneville Tennessee, and my question is. In 1992 I entered into a rent-to-own contract with a local realtor, in which the deed to the house was put into my name.
**A: this is very odd since in most cases the Seller retains the deed until the Buyer/Renter actually buys the property. Only then is the deed transferred.
***********

After aprox 1 year, I fell on hard times & got behind in payments. The realtor told me to move, and being nieve I did. Just recently I discovered that the house is still in my name, listing me as legal owner. The house is being rented at this time . Can he legally rent this property while it is still registered to me? What course of action can I take in this matter?
**A: there are several options whcih you should discuss with your attorney:
1. sign the deed over now.
2. file a complaint to take back possession of the property.

Note: is there a mortgage on the property, where are the real property tax notices going to, who is paying the property taxes and how can there be hazard insurance coverage?
If your property is a mobile home with no real property involved, disreguard my response.

Last edited by HomeGuru; 05-11-2002 at 01:13 PM.
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