Then it would not be an assignment fee being paid, but actual proceeds, from which your option payment could be made to the seller"Any advise on this?

Once you get that done then you can make an offer SUBJECT TOO receiving approved building permits from the country or city or whoever the jurisdiction is.This is what I do in Charleston these days when you have BAR review and other impediments I make my offers subject to actual permits being obtained..

You must be able to document a lower FAIR MARKET VALUE.You will actually recognize the step up in basis at that time.Feel free to PM me or call me and I'm happy to explain it.

I think you are a hero in your right as; you searched for a YEAR, found a DEAL, ran the NUMBERS and for the holy grail you actually made an OFFER and in a true winners spirit it was ACCEPTED so kudos to you.  

My parents own their house free and clear and actually received one of these letters in the mail.

Fast forward a couple years and I was actually fortunate enough to be a guest on the podcast!

@Brent Coombs  That is actually a garage.  

Actually any price range is tough to cash flow these days.

I'm going to follow up with the actual mortgage loan officer tomorrow to make sure they are all on the same page.

In my case, my offer was accepted on a Wednesday, I turned the contract in on a Friday, HUD/Sage signed the contract the following Tuesday...so my clock started on Tuesday...but I did not actually receive a copy of the executed contract back until that Friday (3 business days after it was actually executed).5.