Legal advise
I have been financing a home through ''owner finance'' for 7 years. I put 10,000 down and financed 11,000. To this point I have paid 14,450. I have 3 more years. I have been late a few times as I am on a 650.00 fixed income. I am disabled. This lady is wanting to raises the amount per month and if unable to keep it paid she says, she'll have to take the house back, and I only have 3 years left to pay. Can she do that is I continue to pay? Wasn't sure what area of law.
2 Answers from Attorneys
Re: Legal advise
get help..a local lawyer/accountant or friend who can find out the problem..are taxes and insurance included in y our paymnet??do yoou have homestead exemption for taxes?...it may be a simple misunderstanding..but if you go to a lawyer take all papers you have for the purchase..and payments
Re: Legal advise
It sounds fishy. If you are on a fixed income, you may check with the legal clinics or legal aid, and have them review your documents and advise you of your rights.
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