lease purchase: Lease Purchase is a viable option for some - 10/05/10 11:38 PM
Many years ago I sold my own house in the late 80's market by a lease purchase. It was a tough market with the savings and loan crisis. The idea is to get a deposit on the purchase up front and lease payments, basically rent over a period. In many cases some rent will be applied to the purchase price.
The reasons for a renter/buyer to do a lease purchase is to build equity and have more time to save a down payment. Many times it is a period to repair credit score. It works under the right circumstance and is … (5 comments)