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Old 11-15-2009, 11:38 PM  
SleazyDream
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Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
Quote:
Originally Posted by theking View Post
So you bought some land with a $30,000 down payment...and you set up a separate deal with him for a rent to own...approximately half of the land...upon final payment. You went bankrupt and lost the land so he lost all of his rent to own investment because you could not uphold your end due to bankruptcy.

Does this accurately sum it up?
yes except that near the end he missed 5 months of payments and at 3 months contract said he lost all.
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