we had an option to purchase, 3yr lease which was approaching the end of the term. We tried to discuss the current market value,the banks would not ok loan for the home above it assessed rate but the owner would not lower the purchase price. We discussed the choices further and that we did not want to move, the owner then stated he would lower the price slightly but would not apply our option monies that had accumated over the term of the purchase option. That would leave us less the monies pd ea month for nearly three years and/or out of the deposit money. We pd more ea month to rent due to the option amt.The price did not lower enough to support the market value, the banks still would not cover that amt over the value. The house listed still approximately 50k over the assessed price. We are looking to retrieve the option portion amt as the owner essentialy voided the contract. Do we have the right or should we go after the amt of money held toward the option or deposit?