i own my home now the private mortage holder wants me to give up deed and rent from him or threatens forclose?

gary asked:


we refinace and a privater leander with a outrages loan payment he say he modifered with nothing in writing say just pay less now says sign over deed he will rent it to us back with maybe a rent to own and later down the road he will sell it back to us help

Aaron
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3 Responses to i own my home now the private mortage holder wants me to give up deed and rent from him or threatens forclose?

  1. Janet P says:

    Herman

    What do you need help with? You can either make the payments, let it foreclose or refinance. He is giving the option to foreclose voluntarily, which is easier on your credit.

  2. jlf says:

    Stacy

    Sounds like you signed documents that you don’t understand. Seek legal advice.

  3. MadMan says:

    Martha

    Speak to a lawyer as your question does not really make any sense. But this sounds like an increasingly common scam. Do not do anything without speaking to a lawyer.

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