Memorandums, where and when to do them

[Benjamin Barredo]

Hello BP.

I recently attended a creative investment training in Knoxville, TN. It covered mostly Lease-Optioning properties (sandwich leasing???) from the seller and then lease-optioning them to buyers. It was recommended that, in order to protect my option from the seller selling from under me,  I file a memorandum with the local court.

My question is, should a memorandum be filed for all real estate transactions? Assignments, purchase and sales, seller financing, etc.? I understand that a memorandum is to protect me during my "inspection" and "finance-shopping" period.