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Old 07-06-2015, 12:40 PM
 
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I purchased a home in March 2013 on Land Contract. Because of surgery, was thirty days late five times during that period. The mortgage holder knew it and I am up to date on all payments. Is this still considered default? Can he kick me out? Also, I found out the mortgage company does not allow land contracts and that the land contract was not registered with the County. Can I sue him for my money back?
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Old 07-06-2015, 02:47 PM
 
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I guess that is a "mental health" question as this stuff is VERY stressful...

Anyway if you have not received any letters warning or threatening or saying nasty things... Then probably no problem!

I would recommend calling your mortgage company and asking if everything is ok. If they say all is ok, then just keep making your payments and don't worry about it!
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Old 07-06-2015, 03:03 PM
 
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Your post is not making sense. A land contract is basically seller financing. Thus, you are making payments to the seller. Where is a mortgage company coming into this ? Speak to a real estate attorney about the need to record the contract.
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Old 07-06-2015, 03:06 PM
 
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Quote:
Originally Posted by willow wind View Post
Your post is not making sense. A land contract is basically seller financing. Thus, you are making payments to the seller. Where is a mortgage company coming into this ? Speak to a real estate attorney about the need to record the contract.
I wasn't clear on that either... "mortgage holder" and "mortgage company" are mentioned... Are those one and the same?
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Old 07-06-2015, 03:22 PM
 
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Attorney time, I'm afraid.
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Old 07-06-2015, 11:31 PM
 
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Quote:
Originally Posted by jacquit64 View Post
I purchased a home in March 2013 on Land Contract. Because of surgery, was thirty days late five times during that period. The mortgage holder knew it and I am up to date on all payments. Is this still considered default? Can he kick me out? Also, I found out the mortgage company does not allow land contracts and that the land contract was not registered with the County. Can I sue him for my money back?
1st question, I'm no lawyer but I figure if the holder took your money ("I am up to date on all payments") then you're certainly not in default...so how could he kick you out??

2nd, How did you find out that the mortgage company "does not allow land contracts....surely they would have been aware of that when they gave you the mortgage?
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