InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Optionee vs. Equity Purchaser Posted by Cary on May 12, 2003 at 1:09 AM I understand that an Equity Purchaser must give the Seller a 5-day right of rescission and cannot have any deeds signed during that period if he/she is BUYING the property. But what if I only OPTION the property; am I still considered an Equity Purchaser and all the rules apply? I am assuming that the option agreement must also be in the Optionor’s native language. Is that correct? Follow Ups: Nothing is binding for the 5 day cancellation period. Ward-CA- 9:17 AM, 05/13/03 (2) Re: Nothing is binding for the 5 day cancellation period. frankca 6:05 PM, 05/13/03 (0) Re: Nothing is binding for the 5 day cancellation period. frankca 6:04 PM, 05/13/03 (0) Nothing is binding for the 5 day cancellation period. Ward-CA- 9:16 AM, 05/13/03 (2) Re: Nothing is binding for the 5 day cancellation period. JamieM-CA 10:16 AM, 05/13/03 (1) What do you think it accomplishes? Ward-CA- 8:11 PM, 05/13/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I understand that an Equity Purchaser must give the Seller a 5-day right of rescission and cannot have any deeds signed during that period if he/she is BUYING the property. But what if I only OPTION the property; am I still considered an Equity Purchaser and all the rules apply? : I am assuming that the option agreement must also be in the Optionor’s native language. Is that correct? 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455