What can we do

we did a lease with option to buy on a house with a contract ,down payment ,made all the payments , we recived a letter in the mail from the bank that its in fourclosuer ....he had been taking payment from us and not paying the bank so now were lossing all our money and now we gota fiend a place to live ...what can we do

Phenix City, AL -

Attorney Answers (1)

Merck K. Smith

Merck K. Smith

Contracts / Agreements Lawyer - Decatur, GA

You need to start by getting an attorney. The bank might be willing to negotiate a short sale of the property. Also you have several options but an attorney needs to look at the lease agreement.

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