emccally
Oct 27, 2008, 11:08 PM
My wife and I entered into a lease option agreement and are currently 6 months into a 2 yr agreement. The owner has been served with Foreclosure notice and has 90 days to resolve the problem. We have invested severl thousand doing repairs only to find out he did not have permits to do remodeling in addition to the foreclosure problem. We want to exit the lease and cut our losses.
Q. Can we terminate the lease? And move?
Q. Can he come after us?
Q. Do we have ANY legal recourse.
We feel he mis represented the property to us not disclosing permit issues and flaws in remodeling work that must now be fixed in addition to not paying the mortgage as well as T & I Payments for the last 3 months.
Q. Can we terminate the lease? And move?
Q. Can he come after us?
Q. Do we have ANY legal recourse.
We feel he mis represented the property to us not disclosing permit issues and flaws in remodeling work that must now be fixed in addition to not paying the mortgage as well as T & I Payments for the last 3 months.