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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Lee v. Bass, 215 S.W.3d 283 (2007)

Citation
Lee v. Bass, 215 S.W.3d 283 (2007)
Parent Document
Lee v. Bass, 215 S.W.3d 283 (2007)
Jurisdiction
Missouri (state)
Effective Date
2007-02-20

Other Sections in This Document (73)

Full Text

454 chars
Susan Bass acknowledged that the original intention was for Rex Lee to assume the mortgage and they drew up the contract to sell the property to him on that basis. She testified that when they realized that selling it to him would trigger the due-on-sale clause in their mortgage, they decided instead to do the lease-option contract. The sale agreement was drafted first, and the lease-option agreement was drafted on the same day about two hours later.