There are no easement papers being signed at settlement nor any mention of the setup.I appreciate any replies.

Settlement within fifteen (15) days of sale, otherwise Trustees may forfeit deposit.

.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

There were no rent credits to be given.Basically my question is - Is it a fair settlement to offer him a 50%refund of his option fee?

Bank recently told him that it plans to mail him soon a Settlement in Lieu of Deed (essentially, an instrument of consensual repossession) to get him out, which would be executed sometime in early 2014.Despite making a good salary, he despairs of ever being able to get out from under the property and just wants out.

No, it's not illegal.If it's on a MLS, it must cover the sales commission as well as the listing broker is responsible for settlements and the co-broke fee unless the other selling broker/agent has a buyer's agreement.

Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.

A real estate attorney, a few investor friendly realtors & settlement officers, birddogs, a coach, maybe a partner and a good financier to name a few.Kudos,Mary

You have a foundation issue caused by settlement or erosion or both.I assume everything else is cockeyed?

The homeowner's insurance agent is your choice)POSSIBLE APPRAISAL REVIEWOTHER:OTHER:OTHER:OTHER:TOTAL ESTIMATED LOAN COSTS:$1,666.00TOTAL ESTIMATED PREPAIDS:$1,440.09TITLE/ESCROW ESTIMATED FEES:FOR IMPOUNDS ("ESTIMATED NET FIGURE TO BE COLLECTED"):SETTLEMENT/CLOSING$2,000.00HAZARD INSURANCE3months @$100.00TITLE INSURANCE (REISSUE FEE)$800.00=$300.00TITLE CO.