Purch Option Sale To T/B

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If I P/O a property for $100K and my T/B exercises their L/O to purchase 2 yrs later for $125K, how do I get the Seller to convey my assign to T/B and not mess witht the deal when he sees I'm getting $25K and also the T/B sees I'm getting $25K on top of the P/O price without owning it. oh oh

Comments(2)

  • kcbluesman389th October, 2003

    I'm by no means an expert, but your agreement with the seller and your agreement with the t/b are two separate issues. The seller gave you a purchase price if you chose to excercise your option, if your t/b decides to buy, he cashes you out, then you cash out the original seller.

  • jimhnet9th October, 2003

    If the closings are handled correctlly. Your seller should never know of the existence of your buyer.

    Jim Freeman

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