I lost $40,000.00 on a Subject to: aka Rent to Own agreement.

[Shane Thaxton]

Hey BiggerPockets community,

I need some guidance on a Subject-To agreement that recently fell apart. I put $40,000 down on a property under this arrangement, but things went south. On top of that, I was illegally evicted, and my belongings were put out at a very vulnerable moment.

I'm trying to figure out what laws might protect me regarding my financial investment in the property and the illegal eviction. I’d love to hear from anyone who has dealt with something similar or knows what legal steps I can take to recover my funds and address the eviction.

I would greatly appreciate any insight into what I can do next, including legal recourse or strategies to move forward.

Thanks in advance!

[Chris Seveney]

Quote from @Shane Thaxton:

Hey BiggerPockets community,

I need some guidance on a Subject-To agreement that recently fell apart. I put $40,000 down on a property under this arrangement, but things went south. On top of that, I was illegally evicted, and my belongings were put out at a very vulnerable moment.

I'm trying to figure out what laws might protect me regarding my financial investment in the property and the illegal eviction. I’d love to hear from anyone who has dealt with something similar or knows what legal steps I can take to recover my funds and address the eviction.

I would greatly appreciate any insight into what I can do next, including legal recourse or strategies to move forward.

Thanks in advance!

 If you bought a property subject to, you should be the deed holder, as the deed holder how were you evicted?

Did you use an attorney when you put $40,000 down? If so, what is that attorney saying? If not, what was the reason you did not use an attorney?

Why do you consider it an illegal eviction? 

Also as mentioned subject to and rent to own are very different. If you did a rent to own and put $40k down and stopped paying rent, then in most cases they can evict you.