Lease back to foreclosures<>>florida

Real Estate Investing Real Estate Law
1

I"m in Florida anyone have any luck leasing back to the owner thats in foreclosure? Until the homeowners can refinance if ever?

  1. Homeowner signs a sale agreement.
  2. Homeowner signs a lease agreement.
  3. Homeowners signs and option, to purchase only after 12 months timely rental history. If the homeowner is late they loose their option to purchase the home.
  4. You video tape the closing to prove,
    a)no duress and
    b)that’s bona fide sale sale and they understand this is not a loan.
    c) Seller understand they will loose the option if theyy miss payments.
    d) This is what the seller wants and they are happy with the terms and conditions they negotiated.
  5. What other precautions can we take to avoid issues down the road? And/or What else can they homeowner or judge say that I did that I have not covered?

Thanks
Tom