If you are in a lease agreement,but the property is in your name can the original owner foreclose?
Question Details: I am in a lease agreement and the owner put the property in my name on the deed. He says he might foreclose on my property ,says,I am back 17 months in payments.But I have receipts that are duplicate months. Can he forclose on the property?
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If he is not on the title to the property, how can he foreclose? Is this a rent to own situation? Did he quit claim the property to you so that he doesn't have to pay certain taxes?
If he is not the lender as a mortgagee or on the title, then I don't see how he can foreclose. You may wish to contact your consumer protection bureau (usually state's attorney general), if there are issues you feel give rise to fraud.
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