Option To Purchase Contract
Hi Ladies and Gentlemen,
As you can tell, I'm still baby brand new in this business.
I feel like the dog chasing the car. Now, that I've caught it, what am I going to do with it.
Well, this is the situation. I've contacted a prospect that want to do a pre-foreclosure sale.
He had the property appraised and the value is $143,000.
He received the property by assignment and the forclosure is schedule 8-30-03. He wants $2,000 to assign the property to me.
I'm think of getting a Option To Purchase Contract because the foreclosure sale date is so close and I want to stay out of the danger of signing a contact that will force me to purchase this property.
I have the following goals for this deal:
1) Obtain the assignment with "no
money" out of my pocket
2) Wholesale the property
3) Locate a CASH BUYER
4) Close fast (before foreclosure)
5) Stay out of the danger of being
forced to PURCHASE THIS PROPERTY
Any suggestions for help with my goals, or wording to include within the contract will be greatly appreciated.
Also, any cash investors for quick closings will be greatly appreciated.
Thanks for your help. 
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