Posted by chris on December 23, 2000 at 19:15:55:
That foreclosure consultants link has been posted before and it is California specific and it doesn’t pertain only to lease options. Be sure to read Civil Code 1695 below also. Check your own states statutes for similar-many states don’t have these laws. Bill Gatten has a workaround posted on his site when using the PACTrust with pre-foreclosures in California if interested.
CIVIL CODE
SECTION 1695-1695.17
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=civ&group=01001-02000&file=1695-1695.17
CIVIL CODE
SECTION 2945-2945.11
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=civ&group=02001-03000&file=2945-2945.11