Legal Question in Real Estate Law in Utah

If I have paid a substantion amount (30%), on the loan of an owner financed home, do I have any rights to an equitable title claim if, at the end of the finance term (3years), I can't either refinance or sell the home to satisfy the balloon balance.

Thanks


Asked on 10/03/09, 12:02 am

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

It depends on the agreement with the seller. The terms of that agreement govern your rights. If the agreements are silent on the issue, they what ever rights the agreement gave you are all of your rights. In real property you do not get any more rights than expressly conveyed.

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Answered on 10/08/09, 3:41 pm


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