Hello,
The buyer on this house has signed an Option to Purchase and is doing a Rent to Own. My question is how does escrow get set up for the benefit of the buyer and seller? I understand that the Option has to be recorded separately, not through title so as not to trigger the due on sale issue. Do both buyer and seller meet at the title company? Do the funds from the buyer get taken out of their bank account each month or do they mail their check to the title company? Should it be certified checks (or money orders) with just the account number on the reference line? I guess I need a play by play for Rent to Own situations. Thanks!