Question for JoeKaiser & other L/O experts - Posted by Jason Deck

import · July 31, 2003, 6:39am

Posted by Brent_IL on July 31, 2003 at 12:52:27:

I stopped recording contracts over 20 years ago because I like privacy. I use land trusts for lease/purchases. For L/O’s, I’d use a PACTrust-type R/B arrangement. I favor strongly worded documentation. If there are disagreements, you can’t stop someone who is hell-bent on pursuing a law suit, but you can make if expensive for them to challenge, and increase the likelihood that their lawyer will tell them to forget about the cause of action because it?s too weak to prevail.

import · July 31, 2003, 6:39am

Posted by Jason Deck on July 31, 2003 at 06:39:19:

Can you advise on the best way to protect your position in a sandwich Lease Option, a la Joe’s “Perfect Tenant” Program? I know Conti & Finkel advise recording the L/O contract, but is this sufficient? I am thinking about making the mortgage payment directly, then mailing the owner a separate check for the cash flow if there is any.

Am I off base or is there a better way?

Thanks in advance,
Jason