Courthouse and competition

Does anyone know how to file some kind of paperwork at the courthouse that would cloud the title so no one could buy a property you are working on for a short sale before you get it done? I am not going to record a deed, that would blow the whole deal. I don’t want to record the actual purchase and sale agreement either. Any ideas? :-\

Howdy Fmio:

Who do you think is going to sell the property? You have a contract with the owner and the lender will not sell until the foreclosure date. There is nothing you can file to keep the lender from selling unless the owner files bankruptcy or if they work out a forbearance agreement. If the lender agrees to a short sale they will postpone or cancel the sale.

If the owner tries to sell the property you can stop the sale if you know about it or sue them after the fact if you so desire. It would be a waste of time and money unless you have spent 10’s of thousands in due-diligence.

Hope this helps answer your question. LOL