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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Recording Memorandum of Option - San Diego Posted by Eric on June 29, 2003 at 10:15 AM I have a deal with an option to purchase, at about 80% of FMV. My profit would come by getting a retail buyer and then splitting the equity above the option price with the seller. Problem is, when I went to record the option, the recorder insisted that I submit a Preliminary Change of Ownership report. As no conveyance has occurred, my argument would be that this would not be necessary. Anyone in SD have experiences with recording Memorandums of Options? Thanks. Follow Ups: Re: Recording Memorandum of Option - San Diego Gary 8:46 PM, 06/29/03 (0) Re: Recording Memorandum of Option - San Diego Kristine-CA 11:45 AM, 06/29/03 (2) Ask a title officer or certified escrow officer... Ward-CA- 8:12 PM, 06/29/03 (1) Re: Ask a title officer or certified escrow officer... Kristine-CA 8:55 PM, 06/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a deal with an option to purchase, at about 80% of FMV. My profit would come by getting a retail buyer and then splitting the equity above the option price with the seller. : Problem is, when I went to record the option, the recorder insisted that I submit a Preliminary Change of Ownership report. As no conveyance has occurred, my argument would be that this would not be necessary. : Anyone in SD have experiences with recording Memorandums of Options? : Thanks. 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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