RentToOwn-HouseFinder.com
how can i find a rent to own house in my town with bad credit?
i have bad credit, am working on it but need to get a place to live right now....how can i find a place rent to own in my town with bad credit?
Public Comments
- talk to your Realtor about rent/lease to own properties With homes NOT selling, many homeowners are left with a home they don't want but can't sell. Many are renting those homes to people at much less than what a mortgage would go for. The rent covers their mortgage and the excess goes to an escrow account which builds over the contract term and becomes the down payment. While in a rent/lease to own contract...the home is essentially yours. If you decide not to purchase, I believe that you would lose a percentage if not forfeit the escrow which could be 10% or more. Make sure your contract states an agreed upon purchase price or you may find that you still can't afford the home.
