Posted by John on June 29, 2001 at 12:27:13:
BMP, it would be a good idea to file one when doing L/O’s. I have yet to do a L/O, but that’s what I was told on this board. If the owner wants to back out or sells to someone else, the title will have a cloud on it. Hope this helps.
John.
Performance Mortgage on a L/O? - Posted by Brian M. Powers(MI)
Posted by Brian M. Powers(MI) on June 29, 2001 at 08:13:35:
Just wondering if those who L/O properties file a performance mortgage on the property when the agreement is signed.
Thanks! BMP