Posted on: 25th Aug, 2008 01:02 pm
My ex-boyfriend and I are going through a break-up and we want out of our "Owner Finance" contract. How do I get out of this? The realtor says I am obligated to pay for the "mortgage" until he has found another interested party to take over the house? I need help. I feel like he's not being truthful. I cannot afford to pay for my new apartment in addition to a house that I no longer live in.
Welcome Ivytrinidad,
I suppose the realtor is quite justified in asking you to pay till he finds a new party to take over the house. It's better that you have a straightforward talk with your ex-boyfriend and then decide about the payments till the realtor finds a potential buyer.
I suppose the realtor is quite justified in asking you to pay till he finds a new party to take over the house. It's better that you have a straightforward talk with your ex-boyfriend and then decide about the payments till the realtor finds a potential buyer.
You can't "get out" of a contract to purchase a house. You are liable on the contract unless you sell the house, or the owner finds someone to assume the contract.
