Assigning Lease Options To A Tenant Buyer
I HAVE A BUYER IN PLACE WHO WANT THE HOUSE I HAVE UNDER L/O WITH SELLER. WILLING TO PUT DOWN 5% OF PURCHASE PRICE AND PAY MONTHLY RENT A MONTH. I PUSHED IT TO HIM FOR 10K MORE THAN I HAVE WITH THE SELLER. WOULD I REPLACE THE OWNERS NAME WITH MY NAME AND THE AMOUNTS BETWEEN ME AND T/B TO GET MY FEE UP FRONT AND CATCH THE 10K ON THE BACK END. THEN TURN ALL PAPERWORK INTO TITLE COMPANY TO TAKE CARE OF THE REST CORRECT? I BELIEVE IM ON THE RIGHT TRACK JUST WANT TO VERIFY.