You now get to decide if and when you want to record the memorandum, effectively placing a cloud on the title.

Your wife will have her head out of the HGTV clouds.

Title chain clouds.

Perhaps what clouds these waters for you and others is the idea that because the loan is made to an LLC for business purposes on an otherwise residential property they can claim an exemption to licensure.  

If the seller decides to back out you can have a memorandum of agreement drafted and recorded, effectively clouding the title.

They would then record the contract in order cloud the title, as a way to insure themselves a profit.

Document Management on Cloud ServicesMobile Marketing,Lead Gen applications to name a few

Of course you come off as a ambulance chaser, your timing sucks and so you get one of those calls.Probate is about relationship building, slow and easy, being helpful.

A local ambulance chaser uses all 7s, easy to remember even if dazed in an accident I guess.

There is a stand alone version and a cloud version.