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Cincy Area Properties - Lease Purchase, Land Contracts

By
Real Estate Agent with OwnerLand Realty SAL2006007409

With the current economic conditions, lease purchases and land contracts are very popular.

Our advise, AVOID the immediate urge of buying a home if you cannot obtain a mortgage!

We get at least 2-3 calls DAILY from people who are/were involved with trying to buy a home on a lease purchase only to discover the homeowner had not been making the mortgage payments and they are/were evicted because the home is in foreclosure!

Lease purchases are VERY dangerous, plain and simple!  Yes, there are still honest sellers out there, but how do you know if the one you intend to buy from is one of them???

Maybe you think you'll be safe if you make the mortgage payments directly to the bank.  What are you going to do if the seller takes out another mortgage or lien on the property and you aren't even aware of it until it is time to close on your deal with them?

We have a very large client database because we have a reputation of being straight forward and honest with our clients. 

We would rather help you get your credit repaired now which would enable you to get a mortgage later!

We are affiliated with a very reputable and trustworthy credit services company in Centerville Ohio.

We've interviewed and tried dozens of them before we found one that was completely compatible with our needs and the cost is extremely affordable too!

If you would like more information about them, please send us an email or give us a call!

Please let us help you before its too late and you become a victim of a lease purchase!

I know this information will upset some sellers and other Realtors, but we're not posting this to please them, we're posting it to help YOU!

Check your house payment here with our ez to use, mortgage calculator.

http://www.swohiorealestate.com/mortgage-calculator.php

 

Comments (2)

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

 I think you have hit the nail on the head.  I always advise someone interested in a lease purchase to consult with an attorney. This is a high risk proposition.

Jun 08, 2011 02:52 PM
Marty Snyder
OwnerLand Realty - Monroe, OH
PSA, SFR, SRS; Ohio Homes for Sale

Yes, it IS a very high risk transaction.  Thanks for backing me up!

Jun 23, 2011 01:52 AM