Yes, the 20% the buyers put down would be applied to the purchase when they exercise their option.

It's made to be affordable and accessible for anyone to exercise their constitutional rights without having to hire an attorney.

So if you are kind enough to comment, please be gentle.  

@Chuck KautzHey Chuck,I like your idea of getting your daughter involved.As a father of 2 kids that went to college I think this is a great time to expose your child to what the whole process involves from purchase to rehab to managing this property.Your child will get so much real world experience out of the process I hate to say but this exercise my have more of an impact on her life then the BA has!

Will this be an exercise in futility?

Have you ever exercised before?

Hey guys, In a situation where a house in Oregon was sold at auction to a "third party" and the person who lost the house had cash and wanted to exercise their "right of redemption", where would one start?

Notice, knowledge or a notice or notification received by an organization is effective for a particular transaction from the time it is brought to the attention of the person conducting that transaction, or from the time it would have been brought to his attention if the organization had exercised reasonable diligence.E.

There is no purchase, or any steps towards a purchase until the Option in the Option Consideration is exercised.

This exercise will give you a deeper understanding of the relationships between the variables involved.