RentToOwn-HouseFinder.com

Please help. I want to rent my house in a Rent to Own contract. How much should I rent it? Please help. I want to rent my house in a Rent to Own contract. How much should I rent it? I am the owner of the house now. I want to rent it to someone interested in a rent to own deal. the contract is one year rental then buying the house. I want some help at what price should I rent it this year? if I sell it now , I would sell it at $307.000. my morgage monthly is 1850( property taxes included). my equity on the house is $35.000. please help How much should I rent it now and how much should the person which will be renting it now will give upfront? in my area, house take 7% value per year. please help

Is it safe to buy a house on a rent to own contract? Is it safe? A friend of mine offer me to buy his house on a rent to own contract. I told him I would think about it. I can easily aford the payments, but Im just not sure. What is the differance between a rent to own contract and a finance contract for a mortgage? Where can I get more information about renting to own a house.

How much should a lawyer charge for drawing up a rent to own contract on a house? He says about $500. Is this reasonable or unreasonable?

How does a rent to own contract work when buying a house? Is it the same as a land contract and contract for deed?

buying my mother in laws house on a rent to own with contract? We are buying my mother in laws house on a rent to own contract. We drew up papers and my husband and I signed and my mother in law and my nephew who is the executor for her. We are paying a monthly amount until the house is paid for. She owes a smaller amount to the bank than what we are purchasing the house for. My question is this, if my mother in law passes away before the house is paid in full who would sign the house over to us. She is going to after we have paid the full amount but in the case of her death we want to make sure it can get signed over. Would the executor be able to do this? Thanks

Wanting to do a contract of deed or rent to own on a house? If I was to do a rent to own on the house. Is it as easy as this.. Agree on purchase price.. Pay 500 month rent and then when we are ready to buy(get a loan for the house) deduct what we paid in rent from the total purchase price we agreed on.? If we did this who would be responsible for covering the house insurance??

As a seller, what are the advantages and disadvantages of going in a Rent to own contract? I would like to rent my house to someone and I am interested in a rent to own option because time is running and I have to live the country for my job. Now I want to know if I chose the rent to own option will it be any disadvantages or advantages for me as a seller and or renter? what are the risk linked to such a contract. could you please give me more details on the whole process of such a transaction? It's the first time I will do this so I don't know how it works at all. Plus the buyer seems to know how it works and we're meeting tomorrow. thanks all

where do i get contract for "rent to own" a house, i am the seller and what is the least expensive process? I am the seller and there is one buyer interested. Need to sell asap. have financial issues, house needs maintenance and is in irving texas.

items included in a rent to own contract? I am trying to rent a house but the tentant is interested in buying the house . I want to know what should be in the contract.

where can i get a rent to own contract free in NC? I need a rent to own contract to get a house

How do I write a contract to put my house on rent? Is it ok if I write my own contract to put my house on rent?? what kind of things do i have to include in the contract?

how to get out of a rent to own house lease? My husband and I jumped into buying a house in pa. At the time it seemed perfect. Perfect location and greatest investment. We at the time were waiting for our credit to imporve so we took a rent to own option. The house had a sign that said buy from owner when we bought it. After signing a 3 year lease with the option to buy we found out the house is ridiculously over priced and then while looking over the howard hanna realty website realied our house is still listed as an active house to buy....is this a breach of contract and should we be concerned about this??? We really would like to get out of this lease for many reasons plus our ill parents now need us closer to home. Any help woul be appreciated.

How to determine purchase price with rent-to-own house? As a seller, If I have a house that has a current market value of $150,000 and I offer a rent-to-own for 2 years with $2,500 down. The house will be worth more in 2 years. How do I determine the final sale price in the contract?

Can the owner of a rent-to-own home use the house as collateral if we have an iron-clad RTO contract? We are purchasing a house through a RTO agreement drawn up by an attorney. We just found out that 2 years into the contract the owner went and borrowed $80,000 using "our" house as collateral without our knowledge. Is this legal?

Can the Home Buyers tax credit be used with a "rent-to-own" purchase of a house? If a person is buying a house with a "rent-to-own" contract, does that transaction qualify for the Federal Home Buyers tax credit?

I want to sell my house as CFD (contract for deed) or do a rent-to-own. How does that work? Anyone ever done this? I have no idea how to get the legal paperwork started... or even what terms to offer someone.

What are things to be aware of in a rent to own contract? Me and my husband are getting the contract to look over in the mail soon and we have always rented and have no experience buying a house. What are things we should look out for in the contract, like clauses or terminology? Are we liable for repairs? Just general information.

Has anyone ever been in a rent to own situation? more details? I want to rent to own a 3 bedroom house. I would have 2 reliable roomates living with me. What has your experience been with a rent to own contract. Do they figure in taxes in your rent and insurance? DO you know any good sites with info?

Where can I find example or template "Rent-to-Own"/"Lease-to-home" housing contracts? A good friend of mine has a house. She wants to rent and sell, but a possible tenant is interested in a lease-to-own arrangement . I have read up on a lease-to-own arrangement, so I would next like to see what a contract looks like. Where can I find such contracts at online?

How do Rent to Own Homes work? I live in Pennsylvania and I was wondering if you are in a contract for a Rent-to-Own home if you decide you don't want to purchase the house can you get out of it and how? Are there penalties that you would have to pay? The reason I am asking is because my boyfriend and I just became engaged and well he wanted to buy a house but I don't think that either of us are ready to buy yet. I'd rather rent to get comfortable with having all of the bills. Also his credit isn't good at all so there's no way he'd be able to put his name on any kind of mortgage and I don't want to buy something that I cannot afford on my own so I'd rather feel safe than be sorry later if you know what I mean. So I need a few more details about rent-to-own in pennsylvania. I read the laws about it, but that doesn't give much information about if the leasee decideds they don't want the property. Any help would be great!!!

Is there any solution if someone Grab our own house? One day MLA requested me on Cell Phone, to provide my house for his school . As there was no other buildings available outside City area. So as per telephonic discussion I gave nod to start school. However now MLA is not giving any rent as agreed . I dialed him several times. As he is MLA contract was not made on paper. Can he grab my house? Is there any cool way to stop his school ? or how to overcome this problem. As I am afraid that these MLA may become threat for my family. Anyone have suggestion?

I live in a rent house and the landlord is not paying his mortgage!!!? I just started my second year lease agreement on the house I'm currently in. The bank that owns the home has been by several times leaving things at our door. Today we got a letter in the mail saying that the home is going into forclosure! Are we protected because of our contract with the lease company? How does that work? If he loses the home, what happens to us if we have a rental contract?

What are your suggestions for buying a house on a lease/rent to own? For the past 6 months I have been on a perfect house search (and for the owner to finance me). Things fell through w/2 of my favorite houses (leins and water damage etc). Tonight I found a guy that buys houses in foreclosures and resells them on a 24-36 month lease, although he calls it Rent-to-own. My max. budget is 30k. My father will be making the down payment and I am to make the monthly payments til it's paid off. Since I've started college I take out loans to pay my bills and figure why pay rent when the same amount could be going into a house. What should I have in the contract to protect me and him? After the inspection and appraisal of course. I also have 2 roommates that pay $400 month where we live now. They will be paying the same when things are closed on the house. I failed to mention that I would have to have my lawyer look at it, as well as both of my parents... an uncle that was in this business and of course my roommates. I really can't afford to get screwed w/this.

Are there any contracts to be signed if you want to rent a house? If there is can you please give me the link to where I can find one? And please explain it properly in your own words, not just copied and pasted. If you do, no 10 points for you :)

My husband is on contract for a new house but I own a condo in my name....? that is late 6 months in mortgage payments. My husband showed a Lease to Purchase Option to his lender (for a FHA loan) showing that the condo is being rented out in July so they know he is to live in the new house and is not attempting to buy it to rent it out. Is it likely that the bank will look up my condo details and find out that the mortgage has not been paid even though I am not on the mortgage for the new house (only my husband is)? Unfortunately, not paying the mortgage was the only way to save for a new house.

rent to own contract with relative? i have a rent to own contract with a relative do i need to put it in writing or is there a cheaper way as all i am doing is paying off the mortgage as his interest rate is far lower than i could possible get i just want legal title to the house so if he would get in trouble someone could not take the house from us. I have no trouble with my nephew but he is getting behind on bills and i am afraid a bill collector will put a lien on the house is there a quick deed on general contract i could have us both sides sign so another party could take control and the title would be in my name as soon as mortagage is paid off

What is a good way of letting out your own house without using an agent? Is it mandatory to use a letting agent? I've found some of them to be con artists and they don't seem to do much of a job. If I can let my house out individually what things should I look out for that prove to be crucial later on down the line. How much deposit is usually charged and what can I do to ensure that the tenants continue to pay the rent on time and vacate the property when asked to do so and not squat. Should I actually include this as a clause in the contract or is that not allowed?

What would you do in this rent to own mess? My parents were recently in a contract that was rent to own. They have been in it for about two years. All along they have been getting letters from the bank saying that there was no payment on the house even though my parents were paying rent to the owners of the house. My parents talked to them and said that they would pay the arrears for the house, if the owners would let my parents pay directly to the bank. The owners refused to let that happen. So a few more letters came in the mail like that one, but the owners said to disregard them and that they paid it. Two weeks ago my parents got a letter in the mail saying that the house was being foreclosed on and that the owners even refinanced the house without using my parents money to pay on the house. So, my parents who paid their rent early have two move with only two weeks notice. The owners won't answe the phone when my parents inquire about everything including keeping rent money for this month, even though they will only be there for two weeks and the owners don't even own the house anymore. What should be done in this situation?

Animal Shelter Wants Proof That We Own Our Home Before We Adopt? We have decided to adopt from an animal shelter but we had been told that we would need to show proof that we own a house (or rent something). I can see how we could do it if we rented - by showing the contract, but the thing is, we own a house. So what do we need to bring as a proof of ownership, what kind of a document? Thanks a lot :)

I am buying a house from someone on a rent to own basis.We drew up a contract.But,how do I go about doing a? contract of deed.To feel more secure about the deal.?

buying a house on contract? My mother (who owns her house outright) is thinking of buying a smaller house down the street. In the meantime, the lovely couple next door who are now renting their house have expressed interest in buying it from my mom on contract. I am just confused as to the duration that this contract could be? Does this mean that they can basically draw up an agreement for 30 years like they would if they went through a bank for a certain amount of interest? Is it like a rent to own situation? My mom keeps the title until the house is paid off and if 10 years down the road, they decide to move...what happens to their money? Anyway, any insight into this kind of sale would be great. My mom doesn't need to sell her house to buy the other one and she thinks that this "contract" sale would be good as she would be getting interest every month?

I am a home owner (mortgage holder) and I am interested in letting some friends "rent to own" my house. What kind of contract do I need to draw up in order to legally do this? Also, how can I get around the option consideration fee? I would like to come up with a simple rent to own agreement, but I am unsure of how to do this. Do I need to consult a lawyer? Basically I just want them to take over my mortgage payments, as I got a job out of state and will be moving soon. What should my next step be? Any helpful resources would be much appreciated.

rent to own down payments refunded? well the situation is i am about to get into a rent to own house. the land lady asks for 5000 down. i have givin her 2500 and signed what i think was the lease. and the contract thing wasnt noterized but looked as if typed. and now im thinking that maybe this isnt a good idea after all. and i dont want to do it. i have got the keys to the house nor have i moved in. and now that i dont want to go through with the rent to own im pondering about my 2500 buck i threw down. is there some way i can get it back or am i at a loss???

When a lease purchase or rent to own tenant buyer goes to purchase do they need 20% down on the mortgage? I have been investing in subject to real estate for a few years now, and someone told me a good way to sell a home I secure through a subject to deal would be through a lease purchase or rent to own contract. The idea sounds good, and I have been aware of the lease purchase contract. What I'm wondering about is the mortgage a lease purchase tenant buyer would need. On a rent to own a tenant buyer would only put a small down payment on the house, say 2 or 3% of the purchase price. When they go to exercise their option to actually purchase, not just rent, do they have to put down an additional 20% to secure a mortgage like if they had got a mortgage in the first place?, Or is there a loophole for a no or low down payment because they've been showing a commitment to the house? Any input from lease 2 purchase investors or a mortgage professional would be greatly appreciated! Thanks

rent to own? My husband and I just started renting a home and we would like to own it eventually but we have a huge amount of debt and we can not get a loan for the house. We can afford the payments but we are not able to get a loan because of our debt to income ration. The landlord has given us the option of rent to owning so he could buy a house but he needs our down payment to use for his down payment on a new house. Wouldnt he need to keep my down payment in the bank so that we could use it once we are able to buy out right and do we have the papers on the house while we are paying him, so that way we can do things to the house. And how long do rent to own contracts usuelly last for, we have a 12 month lease up in Feb. so would it last until then or could we go longer because my husband will have a better job in 2 years and I dont want to miss this oppertunity. Is it an option to add our debt into our home loan or buy and have to waite a while to refinance and then pay off the debt? Thanks

better? Rent to own or land contract....? I know I have already asked this but didn't really get the answer I was looking for. My credit is what they call "bruised" as I paid off about 40k in debt in 2000 and 2001. I know you probably think I shouldn't be getting a house if I was already that far in debt but between being a college student and prime target for cc companies and my parents dying before I went to college I needed to support myself in some way, anyway possible. See the thing is mortgage companies don't care about your sob story, they care about your credit rating. My landlord offered me the house we have lived in for 3 years for nothing down but on land contract. I am so confused on what I should do. 1 more thing to add is that I am a nanny but just stopped working for the summer and won't have a way to verify income to a lender (BA in 1 year). FI earns good money but he has no credit, besides the bills his mother turned on in his name and never pd (we took care of them but now is report has nothing on it...) TIA Thanks LA-those were my concerns with the l/c and is why I wanted to rent to own, that way if we default we aren't losing out so much. The price of the house is reasonable (reasonable for the sz) and the payments are really reasonable. As far as my stability I did note I will have my BA in a couple years and will be start teaching, fi is starting a small business (yes I know that isn't guar. pay). I don't need to consolidate because I have no debt now, it's the damage I caused 6 years ago. So then everything starts dropping off and I am back to square one? This is getting frustrating....

are there any nice houses for rent, rent-to-own, or land contract in the northwest of ohio for decent prices? pets allowed and garage

rent to own home, breach of contract on sellers part question ? I'm renting to own a home from a person who has power of attorney over real estate for her mother in law. (person is my sister in law I thought I could trust). Been 4 months I've paid. $400 a month. Upon moving in, I fixed house up. Painted every room. Installed new electrical switches and cover plates in all rooms. Tore up nasty carpet & pad to reveal hardwood, new light fixtures, new counter top, ceramic tile floor in kitchen , new faucets in kitchen & bath, new shower surround. So $10,000 approx. equity into the house. She was to pay for all back taxes that were on payment arrangements with the money from the rent to own $. As stated in our contracts which are filed at county. I called to see if the payments were being made. They were not being paid and legal action will be taken (sherrif sale) This is pending, no action yet. She is in Breach of contract. I'm not going to pay $400 any more how long can I stay here without paying. mother in law will die and family can take house

Contract for deed homes or rent to own homes in Minnesota? Hello everyone, Im looking for contract for deed homes or rent to own homes in or around the minneapolis/st paul area in Minnesota. I would like to move into a home at the end of Jan. 2007. I dont have any credit to buy a home out right yet so I need this. I'm sure people hate renting something and never getting in return for all the money they paid. This way I'll have a house. So PLEASE ANYONE KNOWS WHERE TO FIND THESE TYPES OF HOMES PLEASE HELP!!!!!! Thanks, Tony

rent to own contracts? If me and my wife enter into a rent to own contract on a house, and the landlord passes, can any of his survivors come and take the house from underneath us?

What is a rent to own home? How does a rent to own house compare with lease purchase or owner financing? I am in the market to buy a rent to own home but I am confused about the different types of contracts available. I have heard of rent to own homes, lease purchase contracts, owner financing agreements, and land contracts. I was wondering if there are all in reference to homes for rent to own or if they can differ from transaction to transaction. Also, I have been having difficulty trying to find rent to own homes in California on my own and my realtor is pretty clueless. I was wondering if anyone had any suggestions on how I can do more research on rent to own and find more available homes.

Can a landlord keep a 10,000 down payment on a RTO home without a written contract? My daughter put 10,000 on a rent to own house she was renting. Stupidly, she gave this landlord 10,000 as a down payment and never got a signed contract. They had to move because the boyfriend lost his job. All they got back was the deposit and they also let them keep the new renters deposit because they felt bad that they didn't have any of the 10,000 left. Can they do this?

I want to rent to own my house PLEASE HELP? My wife and I have been renting for several months and we been thinking of asking our landlord about rent to own. What steps should i take? Should i have a new contract wrote up? Should i get a lean on the house so if he cant pay the bank they wont kick us out or would that even work? what are my options here please help? Okay I should have went into more detail. I know i can not do anything with out the landlord wanting to i just was trying to find out what to expect before talking to him. I am going to talk to him and if he is willing to do a rent to own then I was wanting to make sure i would not get screwed. The lein topic was not for now i was just asking about that or if there is anything i can do that if i was renting to own and he didnt make mortgage payments i would not get screwed.

I am selling a house on a rent to own basis you might say? I owe 15 years on this house that I am tired of renting and need to sell it rather quickly. I have a lifelong friend who I trust very much and have agreed to sell him the house on monthly payments until he can get his credit cleaned up or a co-signer. Without going into a long story, his credit is in a mess because of his recent divorce from an ex-wife who ran up thousands of dollars of credit card bills, and other things shortly before she left him for another man. Anyway, I know I will get my money and I know he will eventually get all this cleared up, my question is... I want to protect myself and him by making up some kind of contract that we can each sign and have notorized. What kind of information do I need to include in this? I want a fair contract that protects the BOTH of us. Please offer suggestions. Oh and please, no answers involving NOT selling the house in this manner. I am going to do this, I just need to know how to draw this up. Thank you.

Do you think its a good idea to rent to own my house back from a landlord? I'm about to lose my house for taxes and can't refinance because there is not enough equity in it, but it is a family home I want to save and a local landlord has offered to pay off my debts and taxes and in return, I will sign over the deed to the house to him and he will do a lease option where I rent to own for 3 years then get a mortgage to pay off the rest, thus saving the house and giving me time to get my credit rating improved. The problem is that I have heard really bad things about him doing this with people and then kicking them out of their house. I don't see how he can do this if it is done through a lawyer as he said it would and I have a seperate lawyer go over the contract. What do you think? Is it a good idea or not?

would u rent to own this house? need answers quick!!!? Me and my fiance' are currently renting a house for 475mnth but there is no chance of owning it in the future. plus the plumbing is messed up. we have an oppurtunity to rent-to-own a house for 550 a month but the man that owns it is still in the contract with a realator until february. we really need to get oout. the house is a fixer upper but at least we would be able to own it. would any of you take this offer. plus it comes with some land and he will let me have my dogs. only consern is that if someone wants to buy it before february then we have 90 days to get out. What should we do????

Realestate, rent-to-own question? Last year, I filed bankruptcy. this year, I had a voluntary reposession, next month I am planning on letting my house go on either foreclosure or short sale. I've missed 2 or 3 payments on my house, I've not missed any payments on my car payments BUT there is this guy who wants me to put 5 or 10 thousand dollars on a rent to own house and then the contract says buy it, or loose all the money I put towards it. Will my credit be okay to buy it? Or am I just wasting my money? Do you think I should just rent until my credit built back up? I used to have a 950 credit score, but because of a bad loan its to 550. Is it possible that this lady knows that I won't be able to get a loan in 5 years when the due date is so that i can purchase the house so that she will be able to keep the money? Or will my credit be better in 5 years?

Can I get a house on land contract with existing mortgage? My good friend and neighbor is behind on his mortgage and was wondering if there was a way to basically take over his mortgage kind of like a land contract or rent to own deal?

has anyone here have done a lease to own contract to purchase a house? hi there me and my husband have been trying to purchase a house but dont have great credit, so we decided to do a lease to purchase on a single family, we have never done this before so we wanted to see if anyone has done this type of deal and how was your experience, and also what kind of down payment did you put down and also how long did you rent it for. thankyou for your time

If you break a rent to own lease and just rent a house, can you ever buy the house later? My husband and I have been in a rent to own for two years and the owners want to do owner financing. The real estate agents say that's fine but want $18000 up front for their commission. Neither party has that money so the real estate agents say we can either stay in the contract and try to get financing from the bank later or break the lease and just rent. They say if we break the lease though, that we will never be able to buy the house.... is that correct? That doesn't seem right to me.

Has anyone in QC area dealt with 1st Financial Group with rent to own? We were stupid and signed a rent to own agreement(5yrs) and want out. Want know outcome if we just move. 1st fin. told us we must sell their house to get out of contract. House is piece of crap. Basement gets wet everytime it rains.

Rental houses advertised as "rent-to-own" - scam or not? I'm looking for a rental for when I move this summer for a new job. I'm just graduating, so I don't have the work history to be considered for a mortgage yet, at least without a co-signer. Plus I don't think it's a good idea to just up and buy a house somewhere that you've never lived before, especially in this market (since you're stuck with what you get for a while). So I keep seeing these rental houses that are rent-to-own, where if you decide at the end of the lease to buy the house, they put the amount you've paid in rent towards your down payment. Generally, do these tend to be scams? I did notice that the rental rates are 20%-40% more than a mortgage payment would be, based on the fair market values of equivalent houses of the same size and location. That's what makes me wonder if, perhaps, the owners of these houses are trying to con people with bad credit or no savings into buying houses for WAY more than they're worth. I'll be an accountant in a few months so I'm not worried about getting scammed on a particular deal (i.e. I'll put the numbers and contract to the grindstone), but I'd like to know if I should even bother with the rent-to-own houses. If it's not a scam, it's a pretty sweet deal.

my mother got a rent to own mobile home, signed a contract in front of notary public..? i took over the contract , i have not signed anything yet but i live in the home (not my mother).i am wanting to buy another house . is the contract that was signed in front of a notary binding? and can i get sued for the financial amount???im in sc no attorney was present . this is a contract that the seller printed off the internet.all it states in the contract is the amount of sale financing details. and that the seller is saleing as is and not resposible. thats basically it about the contract.

Can I break my own contract without violating tenants rights? I am a homeowner and I rent two rooms out. Me and my boyfriend decided we would be happier to live in the house by ourselves. My tenants are unpleasent to live with, but they are in a lease. Is there anyway I can terminate my own contract?"

Do we give the deposit back? The person renting our house is moving out early, and has 4 mo. left on contract? Do we give the deposit back? The person renting our house is moving out early, and has 4 mo. left on contract? In the state of TN I cannot find and information on what we should do if the person brakes rental contract? Also, in contract it was to be rented to a NON_smoker, yet the woman smoked inside our house. Is that grounds for loss of deposit? Basically she was signed to rent our other house until Sept. 2007. It is only May. Should she get her deposit back? Additional Details 5 minutes ago We own the house out right, and had to move because of our careers, that is the only reason we CHOSE to rent it out otherwise. We now own our second home, the other is just now a rental house.

Can someone renting to own your house legally change the locks without giving the owner a key to the property? I have a tenant in my home who is on a contract to buy the house, but has decided not to buy it and has fallen short on rent several times during her lease. We have to put the house back on the market, but she will not provide a key to give the realtor, and she has changed the locks!!! What can I do???

How would a land contract work w/the owner of a house? Isn't it basically rent to own? How would I approach the owner about doing it if he is under contract w/a real estate company?

Is a contract with a real estate agent impossible to get out of? I recently signed a contract with a real estate agent to rent my house out. It is a 6 month contract, she brought exactly one person in to look at the house. She is now pressuring me to sell the house. Is there any way for me to get out of this contract? In addition, both I and my wife are listed on the deed (we both own the house), but only I signed the contract with the agent. Is this enough to break the contract with her?

My landlord is selling the house before contract is up; how much $$$ should I ask for as a buyout? The home I am renting is very expensive; the landlord is selling it and would like us to move out before our contract ends. She did not tell us she was going to put it on the market when we signed the contract 3 months ago. I have a family of five and we are stressed out from just finishing up our cross-country move. I think the landlord should pay me to move out early, especially because my company is picking up the cost of the house through the end of the contract, but if I move out then I'm on my own. So I think the landlord should settle with me for at least the amount of the rent through the end of the contract, plus some amount of "inconvenience". Legally, I don't HAVE to move out until the contract is up. So is there a precedent for "inconvenience fee" of moving out early to help a landlord sell his/her house?