Greg talks about buying homes on a lease option and then reselling them on a lease option. I would really like to try this. He also targets people in pre-foreclosure.
My question is, if I do a lease option with the seller, how do I know that another lien won't get attached to the property? What if the seller doesn't pay his income taxes, for example, and the IRS puts a lien on the house, which would then be in first position?
I would make my monthly payment directly to the current lender so I know that the mortgage is being paid.
Any help in this area would be greatly appreciated!