lease purchase: Lease Purchase: What will buyer's lender allow?
- 09/22/11 03:03 AM
A few years ago, I had a buyer who entered into a lease with an option to purchase. She paid a small option fee upfront and was paying $300/month above market rent that was intended to go toward her down payment. However, when she tried to exercise the option, her lender would not count the option fee or the monthly amount as down payment. I am now trying to help another client with a lease option. What is the best way to structure the deal to make sure the buyer gets credit for the option fee and accrued monthly payments? What will the buyer's lender allow when … (0 comments)
lease purchase: Lease Purchase Option, Blue Valley Schools, Immaculate Home
- 09/21/11 09:21 AM
Well-maintained 3 bd, 2.5 bath home in Blue Valley School District. Harmony Elementary & Middle, and Blue Valley NW High School. Light, Bright, Clean, and updated. Brand new roof & exterior paint. Nice landscaping, huge patio. All appliances stay, including refrigerator, washer & dryer. Terms are $1,850/month with a $5,000 option fee. Immediate possession. Call me today for more details. … (0 comments)
A few years ago, I had a buyer who entered into a lease with an option to purchase. She paid a small option fee upfront and was paying $300/month above market rent that was intended to go toward her down payment. However, when she tried to exercise the option, her lender would not count the option fee or the monthly amount as down payment. 
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