March 24th Option is about to run out please help
Hi Everyone,
I have question for anyone that has ever dealt with options. I assigned my option contract to a buyer in January for 20,000. The contract says that I must notify the seller in writing by March 24th certified mail that I want to exercise my option. I don't think the person I have assigned the contract to has done so. He is supposed to pay me at settlement. Is he trying to stiff by letting the option run out. Should I send a letter certified mail to the homeowner telling him that I want to excercise my option. I am lost and confused. Please help me.
Bigdredd.
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