I've cut and pasted the text from an email I exchanged with the Holmeses in Nov. 2009 after they scheduled appointments for 2 potential renters/buyers who did not show up for or call to cancel their scheduled appointments and after the 3rd potential renter/buyer did show up:
Here's the one from me:
"Prospective tenant". . .HA! Well, at least this one showed up. He's about 18-19 years old. Limited English. I asked him if he's looking for his family. He said no, that he and 3 of his friends are looking to move out of their host family's home so they need a place. I asked him when they were hoping to move and he said, January or February maybe. He was here for 10 minutes at the most and really did not seem interested in the house at all. He did not enter the bedrooms but instead stood in the doorways for a quick glance. And since he didn't enter my room or my sister's room, he didn't even glance at the bathrooms in our rooms. He asked how much it's renting for and I told him that I believed you were asking for $1995/month. He seemed kind of shocked and then he left.
Dear Debbi, Michelle & Arianne,
We are in receipt of your notice to vacate the home on February 28, 2010. Please leave keys under the mat or once we inform the
The purpose of this letter is to say we are truly sorry for all that has transpired with this transaction. Roberta and I really enjoyed meeting you guys and thought this would be a win, win situation for both familys. Unfortunately, things turned sour.
You may not be interested in what I have to say but here we go. Over the last 6 months Ive racked my brain to figure out why this happened and what I could have done different. Based on how unhappy you are with me and this transaction, Ive decided to implement a better way to do business. I will still do lease options, but I will act as the neutral 3rd party Realtor in the transactions, not the bubblehead investor. In a nutshell I will locate a seller willing to sell on lease option terms, I will locate a buyer looking to buy on lease option terms. I will then use standard NWMLS paperwork (not our paperwork) to write the deal. I realize this does nothing for your situation but I wanted to let you know I have learned, I feel horrible and things will change.
I want to make a pledge to you. Because of the Real Estate market today I along with most Realtors are struggling to pay bills. I pledge, at some point in the future, I will return to you $6,500, which is of your consideration investment. This will happen once I receive enough cash to bring my bills current and get somewhat ahead financially. I will give you a call and say I have $6,500 for you. I cant say when I can pay, it may be tomorrow or it may be 10 years from now and I dont mean to be vague, but its the very best I can offer at this time.
You may remember from the $13,000 you invested, over $12,000 of that was paid in rent or consideration to the
We wish you and yours only the very best,
Sincerely,
Chris & Roberta Holmes
And here is the one they sent the Sheltons:
Jason & Theary Shelton,
We received notice from the Christensens they will be canceling the lease option contract they have with the Holmes and vacating the property on February 28, 2010.
Please consider this our official (conditional) notice we will also be canceling our lease option contract with you on February 28, 2010.
Note: Our cancellation is based upon the Christensens following through with their cancellation. If for whatever reason the Christensens decide to continue with the contract or if the vacate notice they provided is invalid. Then we reserve the right to rescind this notice and continue with the lease option contract as it is. Our cancellation is forever directly tied with the Christensens cancellation/vacating the property. If the Christensens vacate the property and continue paying rent, then our agreement with you will still be in affect and this notice is void.
The Christensens have been asked to leave keys under the mat or contact you folks to give you the keys.
Lastly, we want to say how very sorry we are this turned bad for all involved. It was suppose to be a win win situation for all parties. I have sent the Christensons notice to return $6,500 of their consideration investment and told them as I tell you. I will take off my investor hat, maybe forever and put on my Realtor hat. This will allow me to still do lease options but be the neutral 3rd party Realtor helping sellers sell their homes under lease option terms and helping buyers find homes under lease option terms. As I wrote to the Christensens, this will do nothing for our situation. But I want to let everyone know I have learned, I feel horrible and I will make changes.
Please give Jason our best and we wish you and your family the very best,
Sincerely,
Chris & Roberta
It's awefully nice of the Holmeses to offer to pay back 1/2 of the "consideration" money we paid them, don't you think? Especially when the contract says that they will refund all $13,000. . .And isn't it nice that they are conditionally breaking their agreement with the Sheltons?
And the final thing that I will note for now is the blatant lie in the email addressed to us stating that they paid the Sheltons over $12,000 (of our $13,000 consideration money). I've seen the contract that the Holmeses have with the Sheltons. . .The Sheltons were paid $1,000 of the consideration money and the first months rent.