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Updated almost 2 years ago on . Most recent reply

Jeff Langley's profile image
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Jeff Langley
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Jeff Langley's profile image
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Jeff Langley
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Jeff Langley
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138
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Creative Real Estate Financing

Lease option- due on sale

Jeff Langley
Posted

Hi all, 

I am purchasing a SFH with a lease option to buy and want it recorded with the county. The seller and I are concerned about the due on-sale clause. I know from everything I read that I shouldn't be worried, but how can I not on a 600k purchase? Any advice or tips would be great. Thanks

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Wayne Brooks
  • #1 Foreclosures Contributor
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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@Jeff Langley No harm in recording the option, a memorandum of it anyway, to prevent the seller from selling to someone else. It won't trigger the DOS though.

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