we paid 5000.00 down rent to own 8 months later find out owner got loan on it and wont register it with the court house with us as buying

Asked by Wardsandra63, Elizabethton, TN Sat Feb 8, 2014

can i do get it done so he cant get no more loans on it

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Jeannette Ba…, Agent, Brooklyn, NY
Sat Feb 8, 2014
With a rent to own it doesn't mean anything to the bank, or the court houses... You're really renting and until the house is officially your's then you have rights but right now your just a tenant... Jeannette Batsikas
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Dan Tabit, Agent, Issaquah, WA
Sat Feb 8, 2014
Rent to Own is just that, you're a tenant renting until you qualify for a loan in your name and buy. It's not up to the owner to change anything until you can obtain financing and have a purchase and sale agreement recorded.
I would encourage you to have whatever paperwork you signed reviewed by an attorney to see if you even have a valid agreement. Many Rent to Own arrangements are scams or at least heavily weighted to the landlord/seller's side. You're going to need more help than this community can offer.
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