Legal Question in Landlord & Tenant Law in Texas
housing laws
lease to own and been in house for 1 month and 2weeks. now in forclosure. the company that got us the house said that they didn't know it was in forclosure. the owner has 4 houses and all 4 have been taken over by the bank. who or what r my rights in order to get my money back from both parties?
1 Answer from Attorneys
Re: housing laws
Who has your money, the leasing company or the owner? It sounds as if the owner may be headed for bankruptcy, and your deposit money should be in an escrow account. Find out first where your money is. You might be able to negotiate a similar arrangement with the bank that is foreclosing, since they are not interested in owning the house, only in getting money in. It would be a good idea to hire a lawyer, since neither the owner nor the leasing company have been straightforward with you so far.
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