Legal Question in Real Estate Law in Oregon

Re: Lease with Option not financable

Your options may be quite limited. Whatever options you have will be based on the terms of your lease option contract with your landlord. You may also want to look at a mortgage loan that provides you with money to fix the house and buy out your landlord. FHA provides such a loan and there may be others out there as well.

If you have passed the end of your option term, you have no options left other than to continue to rent the property, move out and find a new house, or try to renegotiate a new option period, if the landlord is willing to do so.

If the option period has not yet passed, you need to see an attorney immediately to review the contract to determine what rights you may have.