I have been in land contract for 5yrs.I recently found out that my house is in forfeiture after paying my deed holder the taxes and insurance,I have tried to work this out with him but he refuses to meet with for the last year, What do I do?
I have been in land contract for 5yrs.I recently found out that my house is in forfeiture after paying my deed holder the taxes and insurance,I have tried to work this out with him but he refuses to meet with for the last year, What do I do?
This depends upon your goals- if you would like to keep the house, it is possible you could redeem the property yourself, and pursue the owner for the difference between that amount and the land contract amount. If you would like to get out of the contract, you will need some assistance in getting out of the property without being held liable to the land contract. If you would like some further assistance to protect yourself in this matter, visit http://www.aldrichlegalservices, and give me a call.
Brad Aldrich
Aldrich Legal Services
276 S. Union, Suite 1
Plymouth, MI 48170