Legal Question in Real Estate Law in Missouri

real estate purchase contract for deed

In the year 2000 we entered into a contractto buy land. we were 8 days late on one payment the owners won't except the payment. we happened to see in the paper that the property was to be sold on the court house steps 10 days from now. The owners had the property mortgaged and didn't tell us about it when we bought it. We have tried to talk to the mortgage co. their lawyer and the trustee co. We have told them all we want to pay off the loan but they say we can't because we don't own it. what can we do? is it against the law to sell mortgaged property without telling us? We have paid on this property for over 2 years, is there a way to get our money back? these people have taken our payments for2 years and have not paid theirs for 6 months


Asked on 5/11/02, 12:29 am

1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law

Re: real estate purchase contract for deed

It sounds to me as if you have a cause of action against the purported sellers for fraud. I would have to see the legal documents involved, such as the sales contract and any promissory note you signed, and I would have to interview you and perhaps speak with the other parties involved. If they are not judgment proof it may well be worth the effort and expense of suing them. If you are not already represented by an attorney you may call me for a free telephone consultation at 314-727-2822.

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Answered on 5/11/02, 7:13 pm


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