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i leased a house with the option to buy?

but the person who leased me the home owes more on the house than he agreed to sell it to me. i paid him option money $5000 that goes towards the purchase price and a extra $200 that pays down the greed purchase price. The only reason he owes more is because he stop paying his mortgage and late fees have added up is there any legal recourse i have for this I like the home and want to buy it i think should get some money back from the option to buy contract no yes?

Public Comments

  1. Contact his mortgage company and work a deal. It will be in their hands soon.
  2. Contact a lawyer before you contact his bank. It will eventually go into foreclosure and you MAY have an inside track on purchasing it at lower price.
  3. Talk to an attorney .
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