Originally Posted by Barry-xlovecam

Party 1 homeowner (or instrument holder {aka 2nd mortgage lender})
Party 2 purchase option holder
Party 3 option buyer

homeowner grants the purchase option to Party 2 for some agreed upon consideration (payment in money or in kind [crack, meth other unlawful substances excluded*]).
Party 3 buys Party 2's Option contract for some agreed value.
Party 3 then exercises the option and buys the property rights from Party 1 at the purchase price agreed in the assigned option.

The transfer of the option can be, not advisable if the parties are unknown, outside and before a purchase escrow is opened for the property. The option sale (assignment) may also be done within the escrow opened for the property sale. Muti-party escrows are recommended. Escrow instructions can be for any legal purpose.

My CFL license allowed me to do an escrow for a transaction where I was principal. Same as a real estate broker can do an escrow -- they usually don't for reason of conflicts of interest.

Generally speaking, and check your local laws, you are acting as a principal in a options contract, possibly limited to so many transactions per year, as not to be acting as a broker under your local laws.

So, I would get the option buyers funds then assign the option to the buyer myself upon taking a payment amount above the option money I paid the property(or instrument) owner (holder).

I made my markup and the Party 3^ Assignee and the owner of the TD instrument went to escrow or handled it themselves -- I was out of the picture.