Your ability to lease and later exercise the option could get wiped out.You might have a claim against the present owner but that is not so clear and might result is no financial gain.If you can not buy it is likely your option will become worthless if the foreclosure goes through.Is the option recorded?

I can find nothing else on the property records about any other liens.

Would I loan money or my credit to someone who has a track record of not paying their bills?

If you drive be a recently closed place, write down the address, look it up in the tax records and call the owner and tell him what you want to do.

These mom-and-pop investors typically do not keep good records and do not include all the expenses because they don't know any better.

Assuming you want to find local property...Why not get a list from the recorder's office (maybe a list you have to build) or let a title company supply one?

Interesting,Assuming that a person did have a bankruptcy or foreclosure in their past it can not be removed from the public records.

If you have a warehouse and you turn it into a number of low budget recording studio (practice studios) the income produced can jump significantly.

The lien will be recorded against the 1 lot, it will be a cloud on the title.

They love me to tears, I get the warm fuzzies...LOFL...too bad warm fuzzies dont pay the bills.As Rehab702 noted you are building future referrals.A suggestion it so record they complements.