Question Regarding Sandwich L/O
For those of you out here that do sandwiched L/Os, let me ask a question. What language do you use in contracts/other instruments that protects your position legally vis-a-vis the seller? I.e., ways to made difficult a seller going behind yoru back and selling to a third party, things like that. I'm pretty well aware there's no way to totally stop that, but are there ways to try to cushion the blow, as it were, should things begin to shimmy apart? Any input would be appreciated. Thanks.
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iglooman
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If you have to sell your soul to the devil to get to Heaven, something is wrong with your plan. Do what is right, it will help you sleep at night.[ Edited by iglooman on Date 09/04/2003 ]
Brilliant, iglooman. Thanks a bunch.
I have never done this but have heard from a reliable friend that it is valid: You can record a document on public records that simply states that there is an agreement concerning the property between you and the seller (no specifics). The seller can't go behind your back and sell the property because the title company has to find out what the underlying agreement is. The title co. can't deliver clear title to the new buyer unless the issue of your unspecified agreement is resolved.