The County Clerk's office has a better way to search foreclosed properties! You should go to a lawyer and get an actual contract filled out, there is no "simple purchase agreement" for land or a home.(a) The Seller will have the Option to re-purchase the Property in the event the Purchaser fails to commence construction of the Improvements on or before _____. Spring Creek Channel at Collin Creek Mall – Feasibility Study. Project No. 6804. XIV.