Posted by Jim FL on January 05, 2003 at 16:27:21:
Linda,
There is WAY too much missing info to give you any advice at all on what to do here.
Without more, we’d only be guessing as to what you should offer.
There is one thing that stands out to me though.
If the house is facing foreclosure, I’d not offer a lease option.
In all likelyhood you’ll have to put some cash into the deal to catch up the mortgage, unless the seller can bring things current.
I personally don’t like putting money into a deal unless I get ownership.
Tell us more about the situation and perhaps someone can offer more.
Good luck,
Jim FL