home leasepurchase: Lease-Purchase Helps Sell A House - 06/05/11 03:58 PM
After having a house listed for sale for over a year and dropping the price to rock bottom the seller finally agreed to offer a Lease-Purchase as one of the purchase alternatives. A couple who had experienced financial problems several years ago which had hurt their credit made an offer immediately. They had loved the house but had not been able to obtain a mortgage even though they had a 20% downpayment. Their credit should be clear by the end of the lease term but since the seller already did a background check he is prepared to do owner financing if … (2 comments)