Who is responsible for making the payments?
I am renting a house. The owner/landlord offered to sign over the house with a payment of $4000. We gave him the payment while still paying him rent. The house would be under my parents name, I have bad credit. He signed a quit claim deed. Weeks later he calls me and says the house is in foreclosure because he has not made payments in 4 months! All this time I have been paying him rent What should I do? Who is responsible for these payments? Also, I found out he owes taxes too!!! please help!!! Can I get out of this??
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(Source: mortgagefit.com)
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