Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3,939
Posts
3,400
Votes
Joe S.
  • Investor
  • San Antonio
3,400
Votes |
3,939
Posts

Ways to preserve good Title without taking Title

Joe S.
  • Investor
  • San Antonio
Posted

So I’ve heard a number of people talk about lease options, etc. I’ve never bought on a lease option. I have sold on a lease option before and I’ve had some pretty positive success with people getting their own loan and cashing me out.

So let’s say I had a seller that was fine to do a lease option. Let’s say hypothetically  they were willing to sign a lien / deed of trust / mortgage in my favor to protect my position.

Also, let’s say that the person that was selling and did the deed of trust to secure assumption ended up having a judgment at a later date.. could I foreclose on the deed of trust / mortgage to clear title?

Also, I’m assuming that this would keep them from being able to sell it to someone else after making an agreement with me..

Is that something you have seen done or maybe there’s a Title person that would have a better viewpoint??

  • Joe S.
  • Loading replies...