Clearly you collected paperwork in some attempt to review and understand them.

My mother is currently losing the home due to taxes so I will be purchasing it from her, essentially I am paying off old taxes and doing somewhat of a personal refinance to give her money to get her back on her feet, and with no house payment.

This is tenant /buyer occupied property.Today's market value ranges between $50k - $60k.There has been no construction in the last 6 months.I qualified the tenant/buyer and I constructed the paperwork.

My understanding of lease purchase option is that it could be viewed essentially as paying rent for the interim period.

But, if you vet the deal, get adequate security interest, ensure that your LTV is low and get a good attorney to handle the paperwork, you should be pretty safe.I've done lots of deals with other BP members, and sticking with the guidelines I pointed out above, I've never had a major issue.

I did have one lender who essentially told me to outright lie and that I just need to have my mail sent their for the year to prove I 'live' there.

You can serve a Notice to Vacate the day after rent is due (typically the 2nd) which gives the tenant 7-days to pay all arrears or 15-days to move.If they do not pay within the 7-days we prepare all the paperwork for the Rentalsman and Sheriff and file it on day 15 if they have not vacated.

It makes sense that landlords are okay with it more than actual home owners because they understand the paperwork and cash flow for the deal to work.

Essentially this is just a “rogue agency” that’s creating and abolishing new mortgage and financial-related regulations with absolutely no experience in this area.

The court paperwork here costs about $100 to get everyone out of a unit if they refuse to pay or leave and you do it yourself.