The deed usually provides for the lender to insure and pay the premium and add the amounts to the note with interest, which then makes an alternative to be used and foreclosure is not the cure to the default.

Your buyer really needs to be qualified allowing time to cure any ills they may have under current ratios.If by banking "regs" you're talking about the SAFE Act, that is an issue for any financing arrangement, just need to meet the requirements initially, allow plenty of time and keep close tabs on the borrowers toawrd the goal.

But then again if Joel "loves" Windows XP then there might be no cure for him... :-)

Having the policy does not cure the defect in title for you since it sounds like the satisfaction of the liens you speak of might have been a result of the last transaction but the satisfaction was not filed.In that case you will want to have the current owner, or you might be able to do it if you are buying the property, sue for quiet title.

If it were me, I would issue a Cure or Quit notice to the tenant immediately.

If you're using a Fl FARBAR standard contract, it automatically gives the seller a 30 day cure period to solve the title issue.

Although I've heard of this....I've also heard of people winning the lottery...I'm in TX, where it's supposed to be illegal to do lease options...yet..Ive never had an issue..However, in TX, if the tenant default on a LO, we send a notice of default which gives them 30 days to cure, then we evict.

In TX, we would send a Notice of Default which gives the tenant/buyer 30 days to cure, then we can evict.

Notice of foreclosure is the first step taken by a lender, the notice of demand, the accelration of the note calling the full balance due and payable and cure.

That's me, I just wanted to cure the problem.2nd, you wait until the court rules on the lien.