RentToOwn-HouseFinder.com - Is owner fiancing similar to lease option to buy?

Is owner fiancing similar to lease option to buy?

IWhat are the ins and out of owner fiancing, say a builder offering this on condos he didn't sell?

Owner financing is just exactly what is says it is. THE OWNER FINANCES IT 4 U. DUH ! But U must be smart enough to know what the going percentile is in your area. Some builders who finance their own buildings go a little higher on interest rates. Be sure and know the percentage available from others in your area.
There are alot of ins and outs of owner financing. It is similar to lease option to buy, except you don't have an option, you are in and the owner is carrying the note. This is good for the credit challenged, but there can be many pitfalls. If you decide to consider this, take the contract to an attorney (this is a must) and make sure it is a feasible contract. Some owner carry contracts are unreasonably restrictive, they take your deposit, all the payments you made and kick you out if you violate the contract.