My only point is that as a seller in Texas, it does not benefit me to sell by GWD so I don’t.While its customary for insurance companies include a subrogation clause in their policies to mitigate their financial loss on a given policy, I think it’s unwise for a me (as seller) to give the title company the option to exercise that right against me.When selling via SWD, if the title company pays a covered claim for an issue that arose prior to my ownership the title company cannot sue me to make them whole again because I didn’t warrant title for all ownership prior to mine.

My wife and I recently went through an expense reduction exercise.

When dealing with a bank owned property can you exercise an option to purchase type contract and simply assign it to someone else for a specefied fee?

I get exercise every morning and a discount in transportation.

You want to be able to perform the exercise with perfect form, with good resistance.

I would exercise due caution.Good Luck,Mike

What happens when your buyer attempts to exercise the option to buy the property and the owner changes his mind and refuses to sell?

.$...to be excercised on or before .......dateif optionee fails to exercise option liability and all recourse shall be limited to option consideration only.thats a great clause to have in there.I usually have 15 clauses in my options.16 if i need to give right of refusal and i write out the right of refusal so the seller will understand it for what it is.....avoid confusion if things are simple.KISS

Conditionally Refundable Option Consideration Monies is the way to go, especially with the Attorney General in many States going after "Equity Skimmers" and the like.And, the exercise price can be tied to a formula, such as an either-or: [i]The purchase price shall be EITHER the average of 2 certified appraisals who must be a member in good standing of the American Society of Appraisers OR $xxx.xxxx, which ever is higher.

I would suggest checking with the title companies in your area to see what they are going to require at the closing of the exercised optionTo set up the deal just put the home under lease option with the seller, then bring your buyer into the deal.