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Updated about 6 years ago,
Option to Purchase agreement
I entered an option to purchase agreement. The individual found a buyer and sent me a 17 page residential purchase agreement with two individuals I do not know. wanted agreement signed within 24hrs. this agreement has verbiage that is not in our original option to purchase agreement. It has a listing agent for the Seller (me) whom I have never met. It states a $2500 deposit was submitted, which I do not have and its states seller will purchase premium warranty when the home suppose to be sold "As Is. The new people are going through FHA for funding. It doesn't indicate any interest assigned. The person who I entered the Option to purchase agreement with, his name only appears once, as the broker. he states I have to sign because our agreement states he can assign his interest. The agreement actually does not have and/or assign; it states: Buyer ________, Seller_________, which terms may be singular plural and will include the heirs, successors personal representatives and assigns Seller and buyer, herby agree Seller will sale and buyer may buy the following property, upon the following terms and conditions. Do I have to move forward with the sell? his name is not in the residential purchase agreement