Posted by Romitobaby on September 14, 2004 at 19:36:48:
To be valid, you must pay the homeowner something like $10. Your Option to Purchase Agreement should have an expiration date if you don’t find an end buyer within the designated time period.
Question About Option Deal - Posted by Joe
Posted by Joe on September 14, 2004 at 14:24:06:
I want to make this a quick question and I need a quick answer. They owe two back payments totalling $4000.00. I want to do a staight option to purchase the house, but obviously don’t want to pay the back payments, in case I don’t buy the house. Can I still do an option, telling them there’s a strong chance I can sell it within 30 days to someone who would then make up the back payments?