The disclosure statute, effective for instruments executed on or after August 1, 2013 and modeled in part on the condominium/townhome disclosure statute, requires a “multiple seller” of residential real estate selling on a contract for deed to provide certain statutorily mandated disclosures.

In reverse order:3 - Clouds on title - Moot issue for a properly recorded instrument since the issue will have superior lien status.  

Not out of line with what we would expect for Seller Financing, but I am guessing the security instrument here is probably not correctly completed.  

For the most part ALL Promissory Notes and their security instrument provide for the Mortgagee (or it's agents such as the Servicer) to Advance to preserve and protect their interests in the real property.  

The contract to purchase would be the instrument which affords the time to execute the deed and the exclusivity for the Buyer.  

Title co. then need to issue gap insurance as who knows what kind of crook could slip an instrument in between the time you buy and you actually record.

While not impossible or relatively uncommon it is not all that common due to the nature of the security instrument and the ordinary course of business most Mortgagee and Servicers conduct in the state.  

You may wanna check on various podcasts and forum posts, they've been instrumental in a lot of the ways I analyze deals.Best~Lydia

Thanks, RZYou can use your degree or schooling as part of your employment time frame if you can document that the major you studied was instrumental in helping you obtain your current occupation or is in the same field as your major. (2 year employment history)This allows you to bypass the 2 year employment and tax return dilemma.

It is a wise instrument to record for the investor with a seller in a sandwich lease option.