I read about the legal situation in the Monterey weekly paper.

I've got a 5-year old judgment in Virginia Beach (total value of judgment, legal, and interest currently around $8,000).

Although not a commitment it lays out the salient bsiness terms and general legal requirements that are expected between the parties.

A straight lease-option can probably be done, as to doing it legally, it depends on which L/O deal you're involved in, what your position might be.

Reference SOS documents and summarize your 'deals' and I'm guessing it will all work out.

It might have back taxes, code violations, etc. that with the work involved make it upside down in value more than if you got it for free and fixed up and try to resale you still wouldn't make money but might work as a rental etc.You might want to look up who the filing BK attorney was and see if you can make contact with them to see where all of this is at.No legal advice.

How do you ensure your broker that you are being ethical and honoring your fiduciary duty and document your disclosures on paper?

No legal advice.

What kind of documents/contracts would I use?

Is it legal?