Survey of mortgage terms (click to enlarge):From left to right, 1.25 points, 1.5 points, 1 point but $41k in fees.Prepayment penalty: 5 years declining, none, 2 year lockout followed by 10 years defeasance.Commentary/review/discussion: I tried to provide three very different options here, but all still real ways that people actually acquire such assets.

At that moment we started to rent, we thought that's the best option for us. 

Quote from @Michael Dumler: @Samuel Abebe, Moreover, the other risk is that if the seller still has a mortgage and the buyer is making payments directly to the seller, the seller could collect the buyer's payments and stop making payments to their lender (pocketing money) until their lender forecloses.

For 2024, I will have a significantly higher W-2 income (600k) due to unplanned stock option income (company I work for was purchased). 

When you're weighing investment options, think about things like employment growth, rental needs, empty property rates, and property taxes.

If the Grantor is refusing, the other option may be a declaratory judgment action which asks the court to declare the deed valid.If you elect to take the deal to another title company you may want to disclose to them the issue you're having. 

I have the option to purchase the real estate or to form an LLC, transfer the property into it and purchase the newly formed LLC that owns the real estate.

Do we have any other options?

Granted, the current value gets you to your target cash-out number of $125,000 which is another option.

This to me would warrant an economical option.