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Posted by M Gleason on August 27, 1999 at 14:08:13:

We have a 6 month lease at single family residence, ending August 31 1999.
Received letter from owner/landlord dated July 22,1999 stating he required
us to be out by August 31, 1999 unless we wished to purchase the home, if so
we needed to notify him by July 31.
We decided to purchase the home and made him aware of this. We began
financing approval process, had bid negotiations on August 20 th and came to
an agreement on a price. We submitted a purchase agreement and closing
documents to him on August 26, ( thought they were his responsibility!
anyway) Now he is saying process will take to long (30 day closing)and he
wants the home and us out in 4 days!!! Don't we have any rights since he
offered and continued the option process for us to purchase the home.
Please someone help!!! We can't be out in 4 days, children in school,
moving and storage costs haven't secured new residence because of option
offer. Can start bid and purchase of another residence but need at least
30 days to close.

Follow Ups:

• Landlord backing out of option to buy; wants us out in 4 days!!! Mark Smith 8/27/99 (2)
  • Re: Landlord backing out of option to buy; wants us out in 4 days!!! M Gleason 8/27/99 (1)
    • Re: Landlord backing out of option to buy; wants us out in 4 days!!! M gleason 8/27/99 (0)

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Comments:
: We have a 6 month lease at single family residence, ending August 31 1999. 
: Received letter from owner/landlord dated July 22,1999 stating he required 
: us to be out by August 31, 1999 unless we wished to purchase the home, if so
: we needed to notify him by July 31.  
: We decided to purchase the home and made him aware of this. We began 
: financing approval process, had bid negotiations on August 20 th and came to
: an agreement on a price. We submitted a purchase agreement and closing 
: documents to him on August 26, ( thought they were his responsibility! 
: anyway) Now he is saying process will take to long (30 day closing)and he 
: wants the home and us out in 4 days!!! Don't we have any rights since he 
: offered and continued the option process for us to purchase the home. 
: Please someone help!!! We can't be out in 4 days, children in school,
: moving and storage costs haven't secured new residence because of option
: offer. Can start bid and purchase of another residence but need at least 
: 30 days to close.


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