Originally Posted by will76

Ok details needed.

So you bought the land and financed it with the bank, and then did a rent to own deal with him where he was buying it from you?

Did he give you a down payment? Is that where the 15K is coming from ? The contract said he paid "xxxx" amount each month and after "xxx" months he owned it? You collected the money from him, paid the bank each month and I assume made a little profit on the deal?

He didn't pay you for 5 months so he lost what he had invested ?

Did you ultimately lose the land to the bank?