T
teresa_0803
Guest
What is the name of your state? al
my husband and I recently purchased a house under the owner as the financer. when we signed the buyers contract and agreed to terms of down payment,monthly mortgage pymts and we paid closing cost. we then found out the owner had previously did the same thing a couple of years ago and the deed was never put back in his name after he foreclosed. so we purchased the house but our name isnt on the deed nor is the owners, my question is this legal? or can this be considered fraud on the owners part? I need to know if we are putting money into a house that really isnt ours?
thank you for any help available to set my mind at ease or do I need to get legal help?
my husband and I recently purchased a house under the owner as the financer. when we signed the buyers contract and agreed to terms of down payment,monthly mortgage pymts and we paid closing cost. we then found out the owner had previously did the same thing a couple of years ago and the deed was never put back in his name after he foreclosed. so we purchased the house but our name isnt on the deed nor is the owners, my question is this legal? or can this be considered fraud on the owners part? I need to know if we are putting money into a house that really isnt ours?
thank you for any help available to set my mind at ease or do I need to get legal help?