I called his attorney and he explained to me the lien amount (which I already knew) and that there was a possible mortgage issue from the 1970's that could be proven with documents from the seller or it not he could *override* it. i can't remember the exact term but the context makes me believe that what it is. i didn't want to sound like a newbie since it was the seller's attorney ;/ He offered to do the transaction for mebut my only issue is that my contract states that I would be given a 14 day inspection period.

Wayne & Natalie - I've been trying to confirm this issue for some time now and I fell across the attached IRS document and if I'm reading it right, page 17 exert b. claims that If i've lived in the house for less than 2 years, I can indeed prorate it by the number of days lived in the house out of the 730 days in a 2 year period.

I've forwarded all documents pertaining to draw system my lender has in place.

I am having trouble locating how or where I can find proper documentation to use in a Master Lease Option that I am going to purpose.

The option (a separate document) gives the tenant the right to purchase the property during the option period.  

You need a properly drafted mortgage and a review of usury laws in that state.In OH where I am, title/escrow companies cannot prepare legal documents such as mortgages, deeds, assignments.

@Benjamin Barredo In Knox County, it is recommended to have a recognition of who prepared the document - usually in the footer - to record the document.

Hello,I am purchasing a property in Kansas and I am seeking an attorney who can help me review documents and deal with some potential bullying from the city's zoning.

You'll figure out things/people/documents/what you need as you progress forward, BP helps you to start at level 25 vice level zero.I will admit that not knowing anyone in town is tough, but 4/5 months will go by quick.

From my experience so far, I have learned what documents are need for investors and what they like to see.