I felt it was worth giving each potential buyer that choice, rather than paying for those things in advance.Hopefully your Seller will NOT be angry with you if they see their home listed at a significantly higher price - because you will have already TOLD them that in order find them a cash-Buyer at the agreed Sale price by your due date, you may resort to using all the resources you have available, including your reputable and gets-the-job-done Realtor, right?...

From what I can see, you have 3 choices . 1.

2)  If property was sold either by a traditional sale or a short sale, the second lienholder would have had to be paid off to clear the title Is this correct?

And with the decade or so trend of lake view being the Affordable choice of the north side more people than ever are looking there.

Maybe color choices makes a difference too.

@Brian Gibbons, in your opinion, since he's the owner and not the assignor (ie: investor like me), is the lease option still a bad choice (as long as he still complies with the NC lease option laws?)

I am looking to purchase a home through auction for my family and I and the details are as follows:Wells holds the lien and there are no junior or other outstanding liens.It was established in 2011 at 175k and the property owner stopped paying over the summer so I think it's in the 161k range for what's left on the mortgage.In talking to Wells they said that they were not listing the property for auction but the owner was... yet Auction.com lists this as a foreclosure property.My father would partner with me on the cash for this deal until I can grab my traditional financing but he is worried about being on the hook for more than we expect.If I have checked with my recorder of deeds for any extra liens or overdue taxes, sewer bills, etc, can I be on the hook for anything more than my bid price if I win? 

Greetings BP Community,I am fairly new to real estate investing and I am trying my best to do my due diligence to make the most beneficial choices towards success.

Intrested in learning new non traditional ways of buying real estate.

@Denisha Choice I did set up an LLC.