Karen Rittenhouse, Real Estate Investor & Coach,http://www.KarensPerspective.comHere is the NC lawhttp://bundlr.com/b/lease-options-nc``````````````````````````````````````````````Now there is an alternative.Buy sub2 and exit w lease with a ROFR (not a lease w option)March the tenant to a local bank and get a 3% down payment saved up.See a lawyer about the rofr drafting.Sample rofr (NOT LEGAL ADVICE)``````````````````````````````````````````````In the event OWNER intends to offer the Property for sale, OWNER must first offer the Property for sale to HOLDER at a price equivalent to prevailing fair market value.

There are ethical and unethical lawyers, moral and immoral doctors, and teachers and car salesmen.

I highly recommend Rob Irwinhttp://www.yelp.com/biz/irwin-robert-s-lawyer-ridgewood

Only the lawyers win.  

And as someone above said, the asset protection of LLC is overhyped by lawyers and gurus.

and that the house is now owned by FMNA.To me that means, the buyers didn't get paid....but had to pay the lawyers...and subsequently lost the house to foreclosure, ruining their credit AND the prior owners (who may or may not have known about the spiders at time of sale).Sometimes it's easier to just suck it up and take care of business yourself.  

FYI in Quebec a lawyer is not obligated to inform the lender and a notary is obligated. 

(Not a lawyer...not legal advice)

What you are hoping is they did not use the address of a lawyer or something, to keep their true identity hidden. 

You will find wholesellers, agents, lawyers, lenders, rehabbers, contractors, landlords and many other species of real estate participants there!