next....we are ready to exercise the options...... my option with the seller.....and the option with my buyer....how is it handled at this pont and by whom?

For example I can talk about Mortgage Fraud without having to explain what Mortgage Fraud means.Well, moderators would still be able to exercise discretion.

I make my money the same way you make money: by investing up front and exercising my renting, living, or selling options on the back end.

queryYear=2007&contentType=GSA_BASIC&contentId=17943&queryState=North+Carolina&noc=TAt whatever timeframe, exercise the Lease-Purchase and the military person buys the home.

"Rent credit" is a portion of the rent that is credited toward a down payment if the tenant decides to exercise the purchase option.

He will loan up to 90% of purchase price plus repair and holding costs - if I have enough personal reserves to cover "what ifs" and something he can attach his name to to cover the 10% (equity in my home or one of the cars).I have options for obtaining the reserve cash he requires, 401(k) loan, put a note on one of the cars, etc, but I'd prefer to exercise those options if and when the need arises, not just to make him feel better.

So basically refinancing is an out for the buyer if the bank exercises thier DOSC?

Mind you even then it's fun to do the work just for the exercise.

"Just Do It" is great advice if you're thinking about starting an exercise program, but it is terrible advice for buying real estate.

One of the problems is that your "buyer" may exercise his option and when you try to exercise yours, your seller refuses to complete the sale.