Posted by Ed Copp (OH) on February 09, 2001 at 17:42:22:
Do not do work on property that is owned by others unless you just like to loose your money.
If you want to buy from this slumlord, do this. Make an offer on the property that you want. Make the offer conditioned on the seller providing “owner financing”, and on the owner providing insurable title (now not someday). The seller will then have to pay the church some money so that they will release the property that you want to buy from the lein. Then be sure that the partial release of lein is properly recorded. You will then be ready to do business with the seller. If he is not willing to get the property released, in my opinion; he is not motivated.
Buy title insurance on this deal, no exceptions (my opinion).