Posted by Irwin on December 14, 1998 at 07:39:46:
That sounds right. Technically it would be equal to the fair market value of the property, less liens and encumbrances that have to be paid off.
Lease Option Question. Bronchick, Joe…Anyone - Posted by Jon in MN
Posted by Jon in MN on December 12, 1998 at 18:44:30:
The following is in Bill’s “Mortgage to Secure Option”:
“Optionor has executed a certain option agreement dated…under which Optionor is under an obligation to perform certain acts, promises and/or covenants, which is valued at $(fill in the blank)”
Question: What is the value? Is the value of the mortgage the same as the amount of option consideration paid? Or, the amount you stand to lose if you can’t exercise your option? Or what??
Thanks,
Jon
Re: Lease Option Question. Bronchick, Joe…Anyone - Posted by Lenny
Posted by Lenny on December 13, 1998 at 06:28:42:
Great question!
I’ve used this form, and just guessed that the value is your profit.
Someone please correct me if I’m wrong!!!
Thanks, Lenny