Many times things change during the course of the tenancy and the people change their mind about exercising the option, or simply unable to do so.

Put your relinquished property on the market, and then whenever it sells (even if it takes a year to sell), exercise your option to purchase the lease option properties.

Not to mention, most poker players don't exercise, don't eat well, and can spend days at a time sitting in a chair under fluorescent lights.

How does this sound: If lessee/buyer/tenant exercises option, make the sale contingent on bank approval of short sale.

And you can’t evict them because it would be retaliatory. “If the landlord tries to raise the rent, terminate or otherwise change your tenancy within six months of when you contact the Board of Health, join a tenants’ organization, or exercise other legal rights, the landlord’s action will be considered retaliation against you, unless the landlord can prove otherwise.

Short sales (and REOs) are an exercise in frustration.

Jon is right, there is some more information you need to acquire and Marc Faulkner would be a great person to consult.Just so we can exercise our financial calculators, I had suggested 15% off the UPB...UPB = $25,451.42 x 0.85 = $21,633.71If...N = 87PV = -$21,633.71PMT = $474.38Y = 20.12%Like I said earlier, that's a starting point.

I have a tenant/buyer who will not be exercising her option.

In a few years, the buyer exercises their option/buys out the land contract/refinances and pays you off.

Plus, you'll be giving that higher rent back when they exercise the option.