Recording the Notice of the option contract

If you're using the option contract in your short sales, you should always record the notice of the option contract. Why? To satisfy seasoning issues with some lenders, however, mainly to cloud the title and let the whole world know " hey, I have an option contract on this property and I plan on marketing the deal because I have equitable interest".

First, you must get the Notice of the Option contract notarized before recording it. This can be done anywhere. I prefer to meet at my title company because they have a notary there. Also, they can record my notice there. This save me from going to the court house in down town. Mainly, you'll have to record this notice at the court house, however, some title companies will do it for you.

Here's a tip. In Bexar County, San Antonio, I pay $12 per page. Try to edit your notice so that only 1 page gets recorded. You can save some money in the long run that way.

If you know anyone facing foreclosure and would like to help them, have them go to my website http://SellPreForeclosureHouse.com and download a free PDF document on how they can stop foreclosure. If they would like to speak to someone directly, have them call me at 210-625-0835. My name is Emilio Kim, your local foreclosure specialist.