Note: make sure that this is consistent with your local/state law as there may be additional requirements and/or differences.

Owner is very desperate he had no job and lived on properties money last 4 years but forgot to pay taxes now he get one's comeuppance.Ohio law shows 18% for the tax lien holder and foreclosure until 6 years after lien release, first tax lien was 2009, then 2010 and 2011 so three tax liens actual with same holder.

That gives you a stronger claim on the property than just a lease, and may (depending on your laws) force the landlord/seller to foreclose if you don't pay.

My disclaimer.....I don't know anything about the BC market, laws or lending issues in your neck of the woods!

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Contract law is subject to varying default rules depending on the body of law that governs the contract.

Look for a state with good taxes and landlord laws.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Risk of loss or damage is assumed by Selleruntil sale is closed, unless Purchaser takes possession of the propertyprior thereto, in which case State law shall apply. (1) If sale involvesFHA insured financing and after damage the property no longermeets the intent of Minimum Property Standards (MPS), Seller may,at its option, perform repairs or cancel the contract and returnPurchaser’s full earnest money deposit.

Wouldn't it be better for California to just get rid of whatever laws they have that make it a no-recourse loan state?