I purchased the house and did a 1 year L/O deal with the previous owner 4 months back and here are the numbers:-sold comps show the house being a quick sale at 130,000-purchased the house for 105,000-7,000 non-refundable lease option fee paid up front-1,400 month rent payment-my mortgage payment is $850 (including taxes and ins)-option to purchase price of $125,000I just found these forums and was interested in getting feedback for theterms of this deal...God Bless,Steven

and how would they get paid

and how would they get paid

He paid $299K to build it in 2005.

The first three months must be paid in advance, then it goes month-by-month.

I mean after the deal is done, we have closed, taxes have been paid, fee's paid and the dust has settled.... how much cash in the end do you want to walk away with?"

Paid them back when the project was completed.Good Luck,Jason

Why is the seller getting paid 89k?

I just wanna know exactly how one goes about getting paid for a short sale.

In other news, I hear that Kobe is about to be traded to the Bulls and that AROD has opted out of his contract with the Yankees, and wants to be paid less but will take part ownership from whomever the new owner of the Cubs are, in order to come play for Lou P again here in Chicago.