AID=/20090224/NEWS10/902240390 Iowa Guard ends urban war exercise amid outcryThe Iowa Army National Guard has dropped plans for urban warfare training in the western Iowa town of Arcadia after being deluged by nearly 100 e-mails and phone calls from gun-rights advocates nationwide.The four-day event in April would have involved between 90 and 100 combat troops arriving in the Carroll County community in a convoy with a Blackhawk military helicopter flying overhead.Troops would have gone door to door, asking the town's 443 residents about a suspected arms dealer and conducting searches of homes if property owners volunteered in advance to cooperate.There was no opposition to the Guard's plans from city leaders.

But, it will be a long time before the price comes down to $70K.Buying a particular REO is an exercise in heartbreak.

This also avoids delays when i have to contact the seller to exercise option etc, without allowing the buyer to loose interest or change mind.I dont see any problems with doing this, I just am wondering if anyone else is doing it this way.I like options, they are just weird to most sellers, and they just want a standard contract.

That got me thinking of more step, which I haven't been able to exercise just yet, but I'll be sure to update as soon as I do.

They will be "subject to" you exercising your option...but will come directly to you which will protect your interest with the homeowner you have the option with.

The 3% usually goes back to them if they exercise the option, right?

If you're just considering it, and could live with it only at the right price, go through this exercise and make a lowball offer.

I believe there are investors out there who create lease options with no expectation the T/B will ever exercise it, and they're ready to evict and keep the option money at the slightest opportunity.

This allowed for the tenant buyer to roll in closing costs, and come with little or even no money to the closing table when exercising their option.I would imagine that some lender out there still has some similar way of treating a lease purchase.

On any given day, we have between $30 Million and $40 Millon dollars worth of property under option contracts with the seller receiving nothing other than the first month's lease or interest payment upon us exercising the option and renting/selling it to a third party tenant/buyer.