Options Counting Toward Seasoning Requirements

Have any of you had success getting an underwriter to accept a recorded option towards the required 90 day seasoning requirement. In TX, I have not been able to make this work, but I would like for it to. Currently, I’m just sub-2ing title, but I really like the concept and ease of having the option count.

On the flip side, have any of you attempted this and failed?

In the high foreclosure states, it appears that Trusts are getting heavily scrutinized by both underwriters and attorney generals and so I would like to leave a trust out of the equation if possible as I move into deals there.

I would like to receive any insight from those that are actually transacting, and again I thank you in advance.

Thanks in advance