It's not really a "loop hole" per se, but yes you can use a vendor take back with an option to purchase. When you exercise the option to purchase, you will have to convince the seller to give the vendor take back. Not sure why'd you want to do it. It would be cheaper to just NOT execute the option to purchase until you have enough money not to need it. Then execute it at that point in time.
It's not really a "loop hole" per se, but yes you can use a vendor take back with an option to purchase. When you exercise the option to purchase, you will have to convince the seller to give the vendor take back. Not sure why'd you want to do it. It would be cheaper to just NOT execute the option to purchase until you have enough money not to need it. Then execute it at that point in time.
canadamortgage 2 years ago
Can you use an option to purchase in conjunction with a vendor take back? Is this a loophole to avoid bank financing?
BeautyFinish 2 years ago