Foreclosure in Houston>Question Details

Deirdre Jones, Other/Just Looking in Houston, TX

I AM THE RENTER CAUGHT BETWEEN THE ORIGINAL OWNER AND THE NEW BUYER OF THIS CONDO , THE FIST OWNER SAID I

Asked by Deirdre Jones, Houston, TX Sun Jun 8, 2008

SHOULD NOT PAY THE NEW OWNER BECAUSE THEY ARE STILL IN COURT . IS THAT TRUE?

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2
I think it depends on where you are in the transaction. Make sure you use a title company and a realtor or attorney in this tranaction. I would not think you would want to pay any significant amount of money to either person directly. As much as possible pay it to or through the title company. Make sure your board certified real estate attorney examines any lease to own type contracts BEFORE you sign them if something like that is involved, otherwise you could loose your investment exactly due to these types of reasons.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Mon Jun 9, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Why would you pay someone that you don't have an agreement with? If you want to stay, contact the new owner, tell them you want to continue renting it, get a lease agreement in writing and pay them.

Good luck,
Web Reference: http://www.sumnerrealty.com
0 votes Thank Flag Link Sun Jun 8, 2008
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