. :)I was going to leave it at that, but the bank foreclosed on the legal description, the property it held as collateral.

I also asked if they were to sue me, what amount of liability would the listing agent have; the answer I got was that TREC legal has not and would not provide a specific answer to that quesiton.

I'm not a lawyer either and nothing I say is legal advice.

My visa type might disqualify me from obtaining the RE license altogether despite the fact that an L-2 visa holder can legally work and/or study in the US (I'll have a SSN, bank accounts etc etc).

I read about the legal situation in the Monterey weekly paper.

I've got a 5-year old judgment in Virginia Beach (total value of judgment, legal, and interest currently around $8,000).

But you definitely want to have that information in the lease for legal matters.

Although not a commitment it lays out the salient bsiness terms and general legal requirements that are expected between the parties.

A straight lease-option can probably be done, as to doing it legally, it depends on which L/O deal you're involved in, what your position might be.

It might have back taxes, code violations, etc. that with the work involved make it upside down in value more than if you got it for free and fixed up and try to resale you still wouldn't make money but might work as a rental etc.You might want to look up who the filing BK attorney was and see if you can make contact with them to see where all of this is at.No legal advice.