LEASE Was ALREADY Foreclosure
My husband and I thought we had the most wonderful deal fall into our hands. We found a house that was built 2 years ago, and the woman could not afford that payments anymore. She seemed like a very nice person.. Our credit is not good, so we decided to do a lease option with her. It is stated in our contract that 100 % of our monthly payment goes toward "Leasee" purchasing the property, and that once we obtained a loan we would pay the balance of the mortgage.
THEN THE HORROR MOVIE STARTED! We found out that in November 2002 she filed Chapter 13 bankruptcy to avoid foreclosure. She never paid on the payment plan set up and our house was already in foreclosure before we moved in. Do we have any rights. She has taken money without paying the mortgage which I heard is equity skimming. We want to assume her mortgage (the loan has that option) but can't find her......phone disconnected. How long till we are kicked out. Should we continue to deposit out rent into her bank account?
The mortgage company says there is a block on the account and no payments can be paid until it is removed.......what has to be done to get this? HELP!!!!!!!!!!!!!! 
Kelly
WHY ON EARTH WOULD YOU GIVE THE LADY WHO HAS SCREWED YOU OVER, MORE MONEY.
THAT MAKES NO SENSE. THEIR ARE PRIVATE INVESTIGATORS WHO CAN TRACK THIS LADY DOWN.
DO NOT GIVE HER ANOTHER PENNY.
IF IT GETS SOLD AT AUTION, YOU CAN TRY TO BUY IT THERE OR EXPLAIN TO WHOMEVER BUYS IT THE SITUATION AND THEY MIGHT AGREE TO SELL IT ON A LEASE WITH AN OPTION TO BUY.
BUT DEPOSITING THE MONEY INTO THE DEFAULTED LADIES BANK ACCOUNT WOULD NOT BE ON MY LIST OF THINGS TO DO.
HOPE THIS HELPS.