All Forum Posts by: Nancy DeVillez

Hi everyone, Dave, Curt and Bob, thank you so much! The agreement was in writing and was signed, dated by both of us. It is for 15 years. The house has doubled in value since we entered in the agreement, and the owner wants the house back so bad he is salivating. He is a multi-millionaire in his late 80's so he really doesn't need the money. Curt, I really appreciate the links. And yes, I have been shopping for an attorney the last few days.

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!

I was able to get taxes significantly reduced on a property due to: 1) the appraisal was way over what the property was worth, and 2) the taxes had not been paid for years. All it took was a letter to the city, comps and photos. I actually plan on going at it again to get it reduced further.

For anyone who is also seeking the answer to this question, the city of Atlanta has a site where you can pay $10 to get this information.  

https://secure1.payleap.com/COAPropertyAccount.aspx

I am a new wholesaler and have the property under contract. I did find the information on the GSCCCA, but it did not tell me the amount owed.

How do I find out what is owed on a city lien? The Lis Pendens search shows that the city of Atlanta and the Atlanta police department have a lien on the property. I think it is because they have been mowing the grass and doing other things on the vacant property. When I call the city, they won't tell me how much is owed over the phone. Is there a way to find out without having to drive to the downtown office?