From title commitment stating LEASEHOLD, to the settlement statement (ground rent escrow/prorations), to notice of ground rent in the closing docs, to the instrument of conveyance been a Deed of Assignment... the issue just has to come up.What we do see happen is if the contract states that the property is to be conveyed in fee simple, the seller can be forced to pay for the redemption... but that is almost always discovered prior to closing.

The game is on 24/7/365 and one of the greatest challenges is to commit and STICK to your own game plan.

Thanks to the seller, you're committed to a ridiculous lease renewal on one side, and what do you think will happen when the other side finds out, and their lease is up for renewal. 

If on the off chance I am purchasing a home, and in part of my negotiations the seller has committed to me to repair something, then it falls on the agent to verify that work before we close. 

More future upside w T Station potential, and proximity to 95.

Class C - only an experienced & committed DIY will succeed. 

This is certainly a problem for any investor, P/T real estate professional, or home owner.

In any case make sure you have a home inspection before you commit to a rehab. 

Update on what I have been able to gather on this property and where it has lead me (side note: the internet is not a fad afterall (:  )NOD recorded in 2008 :Trustor Name:  T...J........Trustee Name:  Housekey Financial CorpWouldn't the trustee have taken possession of the property and foreclosed since then?  

Some will tell you to engage in strategic organic conversation and strategically (manipulatively) indirectly ask questions so they can give you the info you need.I'd saym, don;t even bother.ASK them directly:Why are you selling?