They may have some resources.Ultimately it comes down to how hard you want to fight for how much return....maybe the subject of a new post?

I know this subject has been beaten to death previously, as I've read several threads on this exact subject.

As a result, they did not demonstrate that the foreclosure sales were valid to convey title to the subject properties, and their requests for a declaration of clear title were properly denied."

I did know what a wraparound mortgage was, or subject to, or subordinating notes, or lease option assignments.So I stumbled along.

It outlines much of what you're asking.

No direct experience with a small multi-family lease option (LO), but the process is the same regardless of whether it's a SFH or a 1000-unit mega-plex.I'm going to outline the basic format of an LO, in case you're not familiar. 

@Peter Walther If the “seller” fails to disclose the existence of an HOA, any CCRs of record (included as special exceptions in the policy) don’t reference mandatory periodic assessments, there is no recorded HOA lien, and the auction terms state that the buyer takes title subject to any existing dues or assessments, how does the title claim shake out? 

Our bank allows us to appraise “subject to improvements” and we are able to take up-to 80% of that ARV out up front.  

Their records are subject to review by the government, real estate commissions, courts, law enforcement, local realtor board ethics committees.   

Trying to talk to friends and family about partnership is a touchy subject.