Posted by dewCO on January 10, 2001 at 22:31:10:
Couldn’t you just send a certified letter stating that they had an option to _________ and that they didn’t do ____ because you received no notice, and therefore _________ will happen.
Option Default Notice? - Posted by TRandle
Posted by TRandle on January 10, 2001 at 07:44:50:
Would anyone have a Notice of Default for notifying a T/B that their option has been revoked? I’ve checked several of my courses and Bronchick’s site and can’t locate one. Any help would be greatly appreciated. Thanks…
Re: Option Default Notice? - Posted by Ed Copp (OH)
Posted by Ed Copp (OH) on January 10, 2001 at 13:50:15:
Why would it be necessary to give notice that they did not do either what the said that they would, that they had an option to do?
I doubt that any notice is necessary.
Mainly CYA purposes - Posted by TRandle
Posted by TRandle on January 10, 2001 at 14:05:32:
Ed,
I just like to cover my behind. We will probably renegotiate the option, promissory note and lease with this T/B so I plan to send something in writing notifying the T/B of default and will also probably get some sort of written release just to be safe.