It matters as state laws disctate what kind of deals you can do.If it is allowed, a sub-2 transaction or a contract for deed can provide the interest conveyed to allow a buyer to do repairs.

Here’s the restriction (cut & paste, sorry for the caps):“GRANTEE HEREIN SHALL BE PROHIBITED FROM CONVEYING CAPTIONED PROPERTY TO A BONAFIDE PURCHASER FOR VALUE FOR A SALES PRICE OF GREATER THAN $_________________ FOR A PERIOD OF THREE MONTHS FROM THE DATE OF THIS DEED.GRANTEE SHALL ALSO BE PROHIBITED FROM ENCUMBERING SUBJECT PROPERTY WITH A SECURITY INTEREST IN THE PRINCIPAL AMOUNT OF GREATER THAN $______________ FOR A PERIOD OF THREE MONTHS FROM THE DATE OF THIS DEED.

I think I'll be filling in a swimming pool within the next year, and the conveyer truck will be able to drive within "shooting" range.

If title has not been conveyed, you can restrict any liens encumbering the property by the buyer.

Now if that's spelled out and any lien or encumbrances if filed after that date, it is the sellers obligation to clear that, some options I have seen made not mention of title conveyance or liens of record..However if it's for very much, it might not happen since the seller will only get about $1,500, so if he can't do it, you pay more or the bank allows it or walk away.

SInce the option does not establish a security interest as defined as a mortgage, the SAFE Act is including any transaction that allows the future conveyance of title.I think the trick here is not to sell the house, but a business entity and that purchase needs to be structured so that the subject property is not the prinmary consideration.

Your best bet is to get signed releases from the parties if you can.Sorry, but I felt I needed to convey this information.

But, you can convey to the property owner your desire to negotiate with the Lender for the best price.The only way to see what has happend thus far in the Short Sale process, is for the property owner to give you written permission to talk to the Lender.You will not want to waste any of your time.

Unlike a contract for deed (or land contract) a lease option doesn't convey equitable interest.

Is an issue of credibility and capacity to pay that you have to convey to the seller.