Posted by HR on March 28, 1999 at 19:46:47:
Her tenants have a valid contract to purchase the property, and yet she is still shopping for a buyer? What’s up? I would want to find out details of that contract. Is it valid? Enforcable? What are the price and terms, and why do they have so long before closing? Is it a lease option? Unless the contract explicitely forbids it, they can assign their contract to you (for a price), and then you could do all sorts of things with it. What would your exit strategy be here?