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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Real Estate Lawyer offers Lease Option Posted by Kimberly on June 18, 2002 at 10:45 PM Ward, I recently missed a the opportunity to buy a home priced at $250K. The Broker/Real estate attorney called and offered me a Lease Option to buy the home from the new owner at $285K. (With some fixing the home is worth $315) He wants $50K to purchase the lease option and 3months of mortgage payments at $1500 before I can execute my option to buy at $235K. I pay closing costs. I do get posession for the 3 months. Broker/Attorney says to keep quiet about the $50K option price so seller doesn't pay capital gains. What should I look for in the option to protect me? Thanks PS Happy belated fathers day.. Follow Ups: Beware of lawyers urging you to help others break the law. Ward-CA- 7:01 AM, 06/19/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, I recently missed a the opportunity to buy a home priced at $250K. The Broker/Real estate attorney called and offered me a Lease Option to buy the home from the new owner at $285K. (With some fixing the home is worth $315) : He wants $50K to purchase the lease option and 3months of mortgage payments at $1500 before I can execute my option to buy at $235K. I pay closing costs. I do get posession for the 3 months. Broker/Attorney says to keep quiet about the $50K option price so seller doesn't pay capital gains. What should I look for in the option to protect me? Thanks PS Happy belated fathers day.. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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