Can someone sell a house they have that is rent to own? I have a lady trying to sell a house she is renting because the balance is due in 3 months, can she sell a house she does not legally own?
Uh…no. Whomever holds the true mortgage is the owner.
Perhaps she is trying to sell the option on the house?
Mark,
I know you meant whomever’s name appears on the Deed owns the property, not the mortgage holder, necessarily.
In the case above if they have an option to purchase I would still check with the property owner to make sure they will accept someone else taking over the option position.
John $Cash$ Locke