MJ Smook 3 Report post Posted April 8, 2015 I have heard about lease option investors putting their Seller's closing docs into escrow at the time of entering into the deal.This is so that they don't have to go looking for the Seller when the time comes to exercise the option, and is an additional protection against a Seller not cooperating with the closing.. Does anyone have any experience with this? I am assuming that this somehow includes a deed. However, a Seller must also sign the HUD and that can only happen at the time of closing, so escrowing the deed seems redundant. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted April 8, 2015 Never had the fun of having to deal with that, but technically there are no closing docs created until the option is exercised. It's just a lease at the start, right. The option agreement obligates the seller to sell. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted April 8, 2015 MJ, I have heard of that, as well, but to me it smacks of seminar BS. Unnecessary, but it makes the person saying this appear wise, I suppose. Share this post Link to post Share on other sites
MJ Smook 3 Report post Posted April 10, 2015 Thanks Guys. If neither of you do it then I guess there is no need for me to. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted April 10, 2015 Thanks Guys. If neither of you do it then I guess there is no need for me to.I suppose. But if we end up in the same cell, the bottom bunk is mine. Share this post Link to post Share on other sites