What are my legal options for returning money paid towards purchase of an owner finance home?
Generally, the contract terms will govern the refund policy on payments made under a lease with a purchase option. If the contract stated that payments made would not be refundable, a court will typically honor the contract terms as long as they were knowingly and
freely entered into. A lease-purchase agreement usually provides that the buyer loses the option money if he/she doesn't go through with the purchase.