The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: question ...||Date: 6/24/2013 2:37 AM|
|Author: aj485||Number: 118744 of 124777|
Even after you get the option recorded, you should be pretty diligent about watching
We'll definitely be watching
I hope that you meant "The option has been/will be recorded, and then we'll definitely be watching."
Without having the option recorded, you are leaving yourself at a risk of having the property sold out from underneath you and having to bring an expensive lawsuit to get your interest recognized. Spending a few dollars to get the option recorded would be a lot cheaper than trying to prove your interest in the property in court.
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