rent to own: Lease Options may be last option
- 08/30/08 08:00 AM
Now 100% loans, or ‘majority financing‘ is a very limited option, buyers and sellers have to be creative to get real estate transaction closed. There are 2 strategies that may work; The Lease-option and the Lease Purchase. A common name you may here these referred to is "Rent-to-Own" . Lease option - "contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance" This is a … (0 comments)
Now 100% loans, or ‘majority financing‘ is a very limited option,;)
;)
