What are my options if I entered a rent to own contract with a party but after 3 months I discovered is not the owner of said real estate?
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What are my options if I entered a rent to own contract with a party but after 3 months I discovered is not the owner of said real estate?
I have now paid this woman $1800 ( a thousand dollar down payment and two monthly payments of $400). Then, on the 23rd of last month, I was contacted by third party who claimed to be the owner of this land and mobile home. After checking with the courthouse I have confirmed his claim of ownership. He has said that I can stay here but on a rental basis not rent to own. How do I need to go about getting my $1800 back from the woman who sold real estate that she didn’t own without spending alot of money in the process?
Asked on August 4, 2012 under Real Estate Law, Indiana
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You need to sue her, plain and simple. At this point, you may wish to get the Office of the Attorney General involved because this looks like fraud and you may wish to file a police report because it looks like she is either impersonating someone or stealing or both. You need to act quickly so she suddenly doesn't disappear. Do some research online and see if these two people are related or were related. Find out from the person who called you if he knows her and he she came to present this product as hers.
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