Posted on: 18th Mar, 2009 09:33 am
My husband purchased a home through a private loan from the seller (land contract I guess) WITH his son and daughter-in-law. Now, his son isn't sticking to the "deal" they agreed with as far as who pays for what and when and my husband wants OUT of the deal. Being that the deed is still in the sellers name, can we just make the seller "take it back." Is there anything we can do to get my step son OUT of the house and "force them to sell?" Please help!!! Thank you so much.
Hi sheila_in_woods!
Welcome to forums!
Your husband must have signed an agreement with the seller. The terms and conditions regarding non-payment of debts will be mentioned in the agreement. The seller and the buyer will have to follow those terms and conditions. As the deed is still in the name of the seller, you will not be able to force the son to sell off the property. However, your husband can negotiate with his son so that he transfers the property to him. However, the seller needs to be informed about the transfer of the property.
Sussane
Welcome to forums!
Your husband must have signed an agreement with the seller. The terms and conditions regarding non-payment of debts will be mentioned in the agreement. The seller and the buyer will have to follow those terms and conditions. As the deed is still in the name of the seller, you will not be able to force the son to sell off the property. However, your husband can negotiate with his son so that he transfers the property to him. However, the seller needs to be informed about the transfer of the property.
Sussane