our home is being repossessed by the owner. our landlord has gone into liquidation.

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our home is being repossessed by the owner. our landlord has gone into liquidation.

We have been asked to sign a release agreement on our mobile home. The company that owns it has offered us $1000 and to move our home for free to their community. Can they pressure us to sign the 60 day notice? They have offered to waive July’s rent. do we still have to pay rent for August ? I know we can’t live here rent free. We are very confused. It seems they are doing a lot to help us but it seems they are telling us all of our rights. thank you so very much.

Asked on July 1, 2009 under Real Estate Law, Texas

Answers:

B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

I'm really not clear on the situation here.  If you have an installment purchase contract for the mobile home, and you're being asked to give up your rights to that and just rent the place in their community, I think you need to have the agreement, and the whole situation, reviewed by a lawyer.  One place you can find an attorney to advise you on whether this deal makes sense or not, is our website, http://attorneypages.com

People on the other side of a business deal can't be counted on to tell you what's best for you, only what's best for them.  Count on an attorney of your own, to know the best choices for protecting your own interests.


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