Seller breaks land contract agreement?
Our seller keeps breaking our written land contract. What are our options? He sold our mineral rights to a company for 10years with the right to put things on our property(still hasn't let us know); didn't give us the tax bill with in 10 days, or the mortgage interest statement for our taxes. My biggest concern is the mineral rights thing, as far as I can see and research if the mineral rights aren't directly addressed in the contract they go with the land. What do we do now?
Comment on Fr_Chuck's post
Well he and his partner are the private lender on the contract and are charging us 6.5% for a 30 year mortgage, so there is about $11,000 in interest we just paid, and yes there was a closing we even submitted the first time home buyer credit and received it last June. We pay the property taxes but there has been issues with getting the bill from the seller in a timely fashion, so the contract had a stipulation that he was to send us the bill with in 10 days of receiving it. It's not a big deal, except it is just one more thing that he isn't doing, also that contract clearly stated that there was no lien or mortgage on the house, and there is. Again another item that isn't being up held.