Today I am really upset about a proposal for the closing of one of my properties. OK, so the seller messed up on their financing and now cannot close on time. They now want to lease option my property for a year before taking over the title.
The terms are $1000 up front and $303 per month for a year. Are they kidding? That will not even cover the mortgage, AND I'm still on the hook for taxes and insurance! Then, in 12 months they will give me an option down payment of $12K and in 24 months the remaining $36K.
Do they think I'm stupid? What kind of moron would even offer something so lame? I am really pissed at my attorney who is supposed to be looking out for me. At this point, I'd rather take their good faith deposit and move on. I will NEVER agree to this BS offer.
TIP: Never get emotional about a deal unless it's this lame. In this case, get mad.
UPDATE: My attorney called tonite saying that this contract was for format only and he asked me to email all my terms to him. I will do that tonite.
