Legal Question in Real Estate Law in Indiana
I bought a house on land contract,never been late on payments.Im having problems getting refinanced.He won't extend the contract.Can he sell the house and if he does do I get my down payment back
Asked on 5/07/16, 1:44 pm
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
Whether you get refinanced or not is not your seller's concern. You have a contract with him and it must be honored. He has no obligation to extend the contract. If you default in your payments, the contract should specify his rights as to taking back the house and whether you are entitled to any money back. It's not likely that you would be entitled to receive your down payment back.
Answered on 5/09/16, 11:51 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
