 rent to own breach (by Wash [MS]) Jan 9, 2010 7:06 AM
 rent to own breach (by Virden [OH]) Jan 9, 2010 7:12 AM
rent to own breach (by Dave [GA]) Jan 9, 2010 7:33 AM
rent to own breach (by TIM [IN]) Jan 9, 2010 7:53 AM
rent to own breach (by Chris [CA]) Jan 9, 2010 8:16 AM
rent to own breach (by tyler [NC]) Jan 9, 2010 8:47 AM
rent to own breach (by Chris [CA]) Jan 9, 2010 8:50 AM
rent to own breach (by Jason PA [PA]) Jan 9, 2010 9:17 AM
rent to own breach (by GEO. [OK]) Jan 9, 2010 2:00 PM
rent to own breach (by Mark [AL]) Jan 10, 2010 10:16 AM
rent to own breach (by Lisa [OH]) Jan 10, 2010 4:56 PM
rent to own breach (by Wash [MS]) Posted on: Jan 9, 2010 7:06 AM
Message:
State Specific Question About: MISSISSIPPI (MS)
I have a person in my home that out of good faith said she was going to purchase the home. Five years later she has not. I did not type up a contract until after the fact since she was eager to move in my home and I was ready to move into an apartment at the time. She has breached her contract in retrospect to 1.No pest control or 2. renter's insurance documents submitted to me and 3. the maintainence of lawn care is horrific with abandon vehicles, wagon, refrigerator, etc. My intent was to sell the home (still paying mortgage) so I am still stuck with it in my name. I gave her a final breach of contract notice Dec.24,2009. Afterwhich she now refuse to pay rent and says she will move out at the end of the month. She later said she will have to be evicted. --98.239.x.xxx |
rent to own breach (by Virden [OH]) Posted on: Jan 9, 2010 7:12 AM
Message:
This is always fun, you have to evict and foreclose, hope you have enough deposit to cover those expenses - most R2Own take a 8K deposit because legal fees can often cost over half that, these expenses your lawyer will pray as deductible in foreclosure suit, expect about 4-6 months for hearing on foreclosure and at least 2 more for unlawful detainer. --76.241.xxx.xxx |
rent to own breach (by Dave [GA]) Posted on: Jan 9, 2010 7:33 AM
Message:
State-specific for MS? Get a local lawyer. Then learn MS LL/tenant laws. --66.32.xxx.xxx |
rent to own breach (by TIM [IN]) Posted on: Jan 9, 2010 7:53 AM
Message:
You just need to evict UNLESS you had the renter pay the house insurance and taxes. The person has no equity in the house. --67.236.xxx.xx |
rent to own breach (by Chris [CA]) Posted on: Jan 9, 2010 8:16 AM
Message:
Here we go - they win a month's time with lying. At least you now know where you stand.
Tell us all, then you get better answers.
How much was her down payment? Is she mentally ill? The junk and bizarre behavior indicates it.
Is she collectible? I would hire an eviction law firm, not a Jack of all Trades!
--80.226.xx.xxx |
rent to own breach (by tyler [NC]) Posted on: Jan 9, 2010 8:47 AM
Message:
foreclosures locally cost @$2k...., but i do get a volume discount..., so i'd say locally if one shops it could be $2 to 3.5k; any more your overpaying- but millage will vary...
the issue is if they have an equity interest.... LOCALLY..., if a rent to own option is even HINTED (dont mention) then the eviction is dismissed and one has to do a full foreclosure.... so if you go this route only present your lease, only discuss lease, and pray they don't show or mention the equity ownership part.... BIG GAMBLE...
I would suggest seeking local legal advice first thing monday morning. --75.181.xxx.xxx |
rent to own breach (by Chris [CA]) Posted on: Jan 9, 2010 8:50 AM
Message:
Seconding Tim - is that true? she just paid a security deposit, but not an additional payment as a basis of her EQUITY?
Hurrah! In that case, have that eviction specialist do the serving as well. --80.226.xx.xxx |
rent to own breach (by Jason PA [PA]) Posted on: Jan 9, 2010 9:17 AM
Message:
Here if the local DJ finds it is a rent to own, it gets throw out and then needs to be taken to the county level. The county level is slower and a ll probably needs an attorney for this action.
I did an ejectment once through the county on a property I bought at tax sle and the old owner would not move out.
Yikes! Glad that is over. --98.111.xxx.xxx |
rent to own breach (by GEO. [OK]) Posted on: Jan 9, 2010 2:00 PM
Message:
Since the property is still in your name you have a lease and she's a tenant, so you won't have to do a foreclosure. It doesn't matter if she has planned to purchase the property or not. End communication with her and just proceed with the eviction. Get all your paperwork together and get her out. If you're unfamiliar with evictions, then hire a good eviction attorney. Good Luck.
--98.162.xxx.xx |
rent to own breach (by Mark [AL]) Posted on: Jan 10, 2010 10:16 AM
Message:
You need to talk to an attorney.Your situation is more complex than one that can be solved here with general info.Good luck --68.207.xxx.xx |
rent to own breach (by Lisa [OH]) Posted on: Jan 10, 2010 4:56 PM
Message:
Here in Ohio, you can evict them for non-payment of rent even if they RTO.
UNLESS they have paid over 20 percent of the purchase price. --24.29.xxx.xx |
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