Seller trying to ammend agreement in closing

[Nancy DeVillez]

I had entered into a contract 7.5 years ago for a lease purchase. The contract is very informal. It is now time for the owner to transfer the property into my name. I have assigned the contract to a company to continue the lease purchase. There was nothing in the contract that prohibited assignment.

The owner is refusing to acknowledge the assignment. In addition, the security deed and promissory note that they have newly come up with has added a lot of terms; terms such as if I am one day late or breathe wrong I am in default. The terms of default include that he can now accelerate the loan, charge a high rate of interest, keep all the money I have paid in, evict me, charge me for attorney and other fees, collect the payments from my tenants, evict my tenants and more. There is no cure for being one day late. It is very one-sided and provides no protection to me.

I have made every payment for the past seven plus years in full and in a timely manner.

I am wondering if this might fall under the truth-in-lending laws. It is a bait-and-switch and he is trying to amend the agreement or he will refuse to transfer the property.

I am wondering if I can simply supply him with my own loan documents that would fulfill the terms of the agreement.

Last but not least, the owner has engaged in stalking behavior over the past 7.5 years. I do have proof of this.

I am looking for someone to represent me on this.

Any advice is welcome!