Q: I am doing contract for deed. I turns out the seller has not paid the mortgage payments is there anything we can do?
A guy came to the door and dropped off papers not in any envelope or needing any signatures. Asking us to deliver to the sellers of the house stating it’s in foreclosure and being put up at auction
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A: You might start looking for another place to live. It will take awhile for the lender to foreclose and then the new owner will sue you for possession. You could sue your landlord for breach of contract, that is him putting you in exclusive possession. But all your paid in rents are gone, forfeited. Contract for a Deed is not a Deed Conveyance but a Lease With Option.
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