Sandwich Lease Option - Problem - Posted by J. Christopher

Posted by David G. on October 27, 2003 at 13:37:34:

Does the original contract state that you have the right to assign your position to another party?

If it does, you can sign an :Assignment of contract: with the original seller. You give the origianl seller the right to sell to your end buyer for a fee. The fee can be the differrence of what you agreed to buy from seller and what you agreed to sell for. That way title does not need to go through you. It goes from original seller to your buyer. You just pull yourself out of the deal.

If you need further help, let me know, perhaps give me your number. I can send or fax to you the forms for you to close this deal.

David G.

Sandwich Lease Option - Problem - Posted by J. Christopher

Posted by J. Christopher on October 27, 2003 at 12:57:09:

Hello all,

I am in a Sandwich Lease Option position. My T/B er’s are ready to exercise their option to buy the house, however, their Lender refuses to close because the Lender wants me to buy the house first and be on title.

Is there a way to work around this?

Sincerely,

J. Christopher