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Updated over 10 years ago,
Question on "Lesioin beyond Moiety" in Louisiana
I have a question regarding wholesaling in the state of louisiana. In Louisiana, we have what is called "Lesion Beyond Moiety" which states if a property is sold for less than half of the market value at the time of sale, the seller can sue to rescind the sale for up to one year from the time of sale. I would imagine this could have some risk for those in Louisiana that are wholesailing deals and maybe subject to's? How does this affect wholesaling and are there ways to mitigate the risk of the seller rescinding the sale?