Posted by Bill on June 20, 1999 at 06:18:09:
1 - Would you mind sharing a copy of the contract you use, if you can without violating any copywrite laws? Or at least give me some help with how I might word the clear title part without letting the buyer down. I want to be sure the buyer gets a fair deal, but I do not want to be worrying about having to come up with money to cover the improvements and repairs that the buyer might make.
2 - This sounds good. I guess that I will have to look at the underlying mortgages to discover my comfort level. I was primarily concerned with keeping the seller from creating further encumbrances. I understand writing things into the agreement, but I don’t want to get a nasty little surprise at closing. I know the odds are slim, but I like to cover all of the angles on long term deals. Do you get title insurance at the lease signing or at the close?
3 - That looks great.