need help on this lease/option

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Posted by Steve0 on May 11, 2008 at 17:46:35:

we are a family of 9 and we are under our current lease/option to purchase. We have found out (at some length) that our previous owner is going into foreclosure.
Does that mean he has broken the contract with us for the purchase. Should I be able to sue for the purchase money ($5000) our deposit ($5000), moving costs and legal fees? I feel like we shouldn't be paying him any longer also as he has been in default for 3 months now. We have paid 3 months past what we should have since he broke the contract. Anyone can help us here because now he has filed eviction process against us even though he will not be the owner anyway (does that make sense for him). thanks for any info guys...

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