Sandwich Leases: Seasoning Issues And Protection From Leins
Hello everyone,
I am have done few wholesale deals but have not yet done a sandwich lease.
I have 2 questions:
#1 How can I protect this deal from having a lien filed on the house? Is there any thing I can file to protect my equity because the option I have? Is there a way I can file a lien on the house so that I can keep the original seller from going around me and selling to someone else?
#2 What about seasoning... Many lenders require a seller to own a house for a year or more before oking the financing for the buyer. With a sandwich lease I am the middle guy and a year from now when my lease option tenant is ready to buy... he will be buying the house from me but I won't be the owner and won't have any seasoning? How can I avoid this type of seasoning issue?
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