Offer her a refund, and have her sign off that she is forfeiting the place.Get the keys back, and move on.

I don't have any experience with these deals, but I'll answer to bump your thread and hopefully get some more response.My understanding is that the whole lease-purchase world has been upended by various consumer-oriented laws and regulations.And I think the dirty little secret of that market -- and someone can correct me if I'm wrong -- is that a fair number of lease-option sellers take large down payments in advance, full well knowing that their "buyer" will not be able to make good on the sale, hence forfeiting their deposit.Rinse and repeat.Regrettably, I think the reality is that the overwhelming percentage of people with bad credit for this or that reason will never turn themselves around financially.

Rest assured if you force an eviction, and you end up being set out, you will forfeit your security deposit.Are you paying market rent?

My thought would be if I could acquire a property for only the taxes owed, for example a $100k FMV home and pay $9k in taxes to get the deed and somehow (ethically of course), waive the owners right of redemption or have them forfeit their right, I could quickly flip the property for say $60k and make a nice quick profit.

I would just ask them for something in writing saying they forfeit the deposit because they didn't sign the lease on time.

J Scott - I figured that there was a good chance the buyer wouldn't follow through, but also figured that I would at least have 2 years of equity in, and a down payment that was forfeited so I wouldn't be that bad off.

In non-deficiency states, homeowners may actually be forfeiting their rights of non-deficiency if they do a short sale.

States that security deposit will be returned at the end of the lease term, and tenants need to give a 30 day notice of vacating or forfeit their deposit.

In most contacts, the penalty for forfeiture of the contract is sufficient that the party extending the asset/credit is going to be relatively happy whether the borrower fulfills the contract or forfeits the contract.

In June 2010 sells many countys in Ohio forfeited land parcels some with houses on it.I have interest to bid on few of these properties last year most of them gone for under $100 each.My problem, I´m not in the US in June.