So, we were able to stall the agent long enough, asking for wiring instructions from escrow so we could wire funds (the deposit) into escrow, this bought us a few days, because escrow was not prepared to move so quickly.Meanwhile, I had prepped my lender, this was his first major deal as well, so we were learning together.

., on acreage in beautiful horse country, not sold after 12 years of being up for sale?

Cart before the horse here a little bit. 

I just hope you really see what mistakes you have made, brush yourself off, but get back on that horse, just this time with more knowledge.

Originally posted by "TonyS":It simply gives me title, which gives me permission to control, which gives me permission to sell.......Only a deed gives title -- an option does not give title.I think what's going on here is a semantics issue -- as an attorney I tend to be very precise with my words and don't ascribe meanings to words that they don't actually have -- for example, an option IS binding on the seller during the option period whether the buyer exercises or not, but this is the correct legal terminology and not the way most lay people would describe it.Unfortunately most non-attorneys do not deal in precise, literal, factual, technically correct and accurate language, which is why so many people get themselves in a bind and end up needing attorneys in the first place.That said, no need to beat a dead horse or bang heads -- we're both just trying to help someone out.All the best!

But, let's not shoot the horse we have to ride.

Not to beat a dead horse but it is quite common for a consumer that is not employed in the profession of foreclosing, acquisition of and disposition of foreclosed assets, to mix up industry vernacular and come up with their own conclusion of what it is that they did or want to do, mixing half truths and internet keyword searches on Google.

Fannie Mae does not stall when it is selling the REO.

Airlines now allow "cats, dogs, and small horses"- no joke. 

As mentioned if location is equal and people can get brand new everything for a little more then the additional 1,500 to 2,000 in rent a year gets them way more fun factor in their lives.Rents are starting to soften nationally and rent growth is stalling some.The biggest investors at risk are developers of 300 unit apartment buildings for example.