So, i have gotten a shit end of the deal when i thought i was buying my house. I recieved a settlement and decieded to put a down payment on a house. Our credit isnt to perfect, so i entered into an option contract. How it was advertised to me, was that we give the down payment, we live in the house while paying it off and obtain a bank loan when able with in 5 years, or i loose the ability to buy. I did not know that the house was not up to county codes, bad windows, horrible electric in basement, broken railings, and a leak over the livingroom from the bathtub (which had been going on for years). I didnt know they would wait to last possible moment to pay taxes on the property, or the water (which neither have been paid in two years). I did not know that the company owes other companys money, this realistate company owns a dealership to, which we purchased our vehicles from and they are pieces of shit, well their mechanics they contracted with refuse service to them because the mechanics are owed alot of money, thousands. I also just found out that the owners of these companys were in court three times now for million dollar lawsuits that they lost. One owner just lost his house.
Since we moved in i have attempted to alter the contract due to their neglect and lack of responsibility. I even had a lawyer review the contract, he declared it voidable. It was all very stressful and my self, was pregnant, couldnt handle it because honestly i put 49000 into this house, and I could loose it. Ill never have that amount of money at one time again. This company needed that money for a law suit they just lost, litterally days before i signed my contract. They were on point and time to collect the money, but since day one the house was never finished per our agreement.
I have a meeting with a lawyer next week. Ironically they finally called me back in reguards to the delinquant tax and water bill, which i was told dont worry we are taking care of it. Im nervous, this is not something i have experience with. Am i doing the right thing by going to a lawyer? Am i doing the right thing by wanted to get out of the contract? I want this house, i love it i dont want to move, but i do not feel secure in this house due to the constant reminders that the company owns this house and could loose it. Im scared, i feel bad when i talk to the landlord because they are family friends of my fiance, well some kinda friend considering. So anyone experience an option contract before? and one have any advice?