Memorandum Of Agreement Filing....

jrdawg profile photo

Newbie investor here smile

When doing a sandwich lease option, does filing a MoA or MoOption at the courthouse protect my interests in the property (ie, the original owner will not be able to open a HELOC or 2nd mortgage behind my back)?

Comments(1)

  • LeaseOptionKing27th July, 2004

    Not 100 percent guaranteed, but normally yes. It clouds the title, so most lenders won't go near it.

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