IF YES, did the lending institution exercise the "Due on Sale" clause, either immediately or after they saw the escrow or insurance paperwork change from John Q.

I would only exercise the option if local development continues and I can flip the property for a nice profit.

You need an understanding RE broker.c) Doing a lease option sandwich, staying in the middle, you can earn 3 paydays: option fee spread, rent spread and exercise price spread.d) I find if you market to sellers without agents, as in expired listings, cancelled listings, DIY landlords, and even wholesalers giving you "no equity leads" in exchange for a possible commission for the lead, these are best. 

However, I have been reading that the option money and renters credit is to ultimately be returned to the potential buyer, in the form of a down payment, if they exercise their option to buy.

Did anyone exercise such option?

Assuming you find a buyer for the price you need, that buyer is buying from you and at the same time, you would exercise your purchase option.

The option could not be exercised until the purchase price was paid in full.

The buyer can chose t exercise or not, but the seller is stuck.

Craig Montesano,I'm aware of the Utica Shale/drilling activity in the area.If Shell decides to exercise the option on the Plant in Monaca, Pa., it should help the entire region.

My first exercise would be to simply find the name, address, and phone number of the current owner.