Posted by Ken (ILL) on February 25, 2002 at 17:33:06:
I agree that it can accelerate the DOS… IF you make it all one document. You can however acquire a lease and an option to purchase. These can be seperate documents and the option to purcahse does NOT have to be recorded. It should be witnessed and preferrably Notarized. You can also file an affidavit stating the agreement between you and the seller that you have an option. DO NOT let the seller know you are filing this. They may panic. It is just there in case the seller tries to renig. Then when the title gets searched, it shows up. If you are buying… who cares?