In the event Seller is unable with the exercise of due diligence to satisfy said objections within thirty days after said notice, Buyer may, at Buyers option: (i) extend the time period for Seller to satisfy said objections, (ii) accept title subject to the objections raised by Buyer, without an adjustment in the purchase price in which event said objections shall be deemed to be waived for all purposes, or (iii) rescind this Agreement, whereupon the deposit described herein shall be returned to Buyer and this Agreement shall be of no further force and effect.

nice exercise nick, and good answers by all...a good way to spice up a boring 'paperwork monday'

In this market, lenders are generally reluctant to exercise this option on a performing loan.

I look at reinstatement as more of a risk assessment exercise. 

Run this by your attorney, but you might be able to add a clause to your lease with the prospective tenants to exercise a right of rescission in the event the closing doesn't take place.

You want to find out what is typical for the area and exceed that expectation if it's a cheap item to change.Maybe refacing the pool and adding a waterfall and updating the common area.Redoing or adding an exercise room.Making a small playground area or adding a basketball hoop or tennis court.It depends on the area but the little things will go a long way.Are rents per unit going up,declining,or staying flat in the area??

He said what I should do is transfer the property to a land trust with the sellers as the beneficiary & my agent as trustee...I could then give an affidavit of trust to the FHA lender and it shows that the property essentially didn't change hands..I would also get an assignment of beneficial interest from the seller, that document doesn't ever get filed (or exercised) unless I would need it, like if someone is questioning ownership.Since my agent (attorney, REagent, best friend, whatever) is the trustee, they handle the sale and distribute the funds..Anyone ever heard of this?

I just went through this exercise this week.

The may well chose not to exercise that right.

Have you exercised those options personally?