Renting To Own Knowledge Base
Does anyone know anything about "renting to own" a home? I asked a owner of a home for sale if she would consider renting to own. She said "she is open to anything" so she will talk to her bank about it. So what happens next? She also has a Realtor, will this make things more difficult? Who makes the decision to accept me or not, the bank or is it up to the owner?
I am contemplating renting to own. What should I know? ? It seems win win as my credit is not steller, and they want to rent the place and market is slow. I want to own, and can get in by giving more rent down to offset credit score. I will have lawyer look everything over of coarse. I am happy just renting and deciding later, but it seems like I should do this from the beginning to keep equity of pmts made.
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