Originally posted by Dean Letfus:J Scott Record an abstract of the contract with the county register and or put a lien against the property would be 2 options.That would work in the case of a lien-holder who checked title prior to recording a lien, but I'm not sure it would prevent a contractor, for example, from recording a lien.Not sure I can think of a non-convoluted situation where you could get screwed by this, so perhaps it's not a big deal, but it just "feels" like there is a situation where the seller could do something stupid to purposefully or accidentally screw you over.But again, nothing obvious comes to mind, so maybe I'm over-thinking

This is why people pay the almost $1,000 for title insurance is to prevent this very issue and why they are agreeing to pay.Don, are you recommending waiting for what they come up with then base the decision on that?

It's much easier just to re-lease the place.To prevent this, I would spend more time screening your tenants.

I really don't have a good answer as to how to prevent this - but I'll at least bump this thread to see if anyone else knows.

." :) Although there are penalties for FAILING to file a required form, there is nothing that prevents you from filing a Form 1099 when it's not required...

You could write for use and occupancy on the receipt and i believe this prevents you from having to start the process all over again but she does not have a track record where i feel that you can risk taking a chance with her, cut your losses and run.

Otherwise, no one can tell you if something is a "priced right" or a "good deal".The #1 variable preventing the quick sale of a property is price.

(My health has also prevented me from attending since-and they know this.)

If it was important to HUD to prevent this sort of thing, they would have done something about it by now.To be honest, HUD should be happy as long as you're closing.

At least that way, when someone does an Internet search for him, they'll come across this thread, and perhaps it will save some other newbie the same frustration...Sorry that happened to you Sunny, but I have to agree with J about mentioning his name here...might save someone else some trouble later and maybe even prevent him from doing it again in the future.