I have just spent 3 days in a real estate workshop learing how lease options can be a welcome option to good people who just can't get a mortgage right now due to excessive Lender guidlines.
If you have to rent, why not get something back? For a modest option fee a Buyer/Tenant can control the property while they make the necessary corrections to their credit or take the time necessary to satisfy the Lender enough to approve the mortgage. Then they can "refinance" the home when the time is right.
Of course everything is negotiable, so work out a deal with the Seller that is a win-win for all parties involved. Feel free to contact me with questions or help in gettting a deal that works for you.
Keller Williams Realty