RentToOwn-HouseFinder.com - rent to own houses how does this work? how will you find out if this is legit?

rent to own houses how does this work? how will you find out if this is legit?

it can work. I suggest that you not do this for more than 2 years then pay off the owner with proper financing. Get the home properly inspected and checked for termites etc. Then have an appraisal done to make sure you are not over paying on the house at all. Then have the contract signed in front of a notary and each keeping a copy. Make sure you pay ONLY by CHECK as you will need a paper trail for bank loan. Check with the deeds office to make sure the person with whom you are making this contract is indeed the owner. Next check for liens while there from lenders etc. See some of these people will take your rent every month and let the house fall into foreclosure and you have no leg to stand on. So make sure there is verbiage in the contract that lets you get your money back plus improvements if the owner does such a thing Good luck most of these never work out as a great deal as many who do these are buying a money pit with out knowing what they are doing I am a mortgage banker in TN