Rent to Own??? is it a good idea?? - rent to own homes in raleigh nc
I am looking for a property for rent in Raleigh, North Carolina, where I can find houses for rent property, and your opinion? THX
Monday, January 11, 2010
Rent To Own Homes In Raleigh Nc Rent To Own??? Is It A Good Idea??
5 comments:
here in my area newspapers are filled with "fraud". Properties offer the play have not the true owner of the land and continue to play a good game of poker "liar" who knows he will never have the right to buy within a year or 2 years, and remove only the difference between what the owners the first payment and the mortgage is what you pay with a cash bonus of Nice option costs.
Often they have to pay any mortgage payments, the bank is closed and the street as they move to the next victim. The lender may also be due to the mortgage, if they determine that the property is involved in one of these offers.
.. Technically, it should be illegal, but it is not ...
The problem is that when, on 10 per month in rent (only as an example) and agreed to pay $ 2, the main house after your lease is up .... is paid if you pay the rent on time everymonth and after one or two years of lease-24 $ 48 savings for the client (the payment) should be in the house ... if the owner a "bad boy" there is nothing to protect, if he does not / they pay to the bank ... literraly you can be evicted from the house by the bank, and the sheriff's office. Perhaps you have a written agreement on his own to the owner called to account when they arrive. I was also in the situation I found myself in a lease for the land 2 years ... I have $ in this place, bought stackable washer and dryer, all stairs tile, updated kitchen, is responsible for all the drawers and cupboards, plants ... Owners of the Association of Interior had, who were in a tenant depends on the base, so I lost one years of life, time and money to fix everything disappeared and money, which I had thought.
Rental properties, lease option, lease, must give opportunities for a house with conventional financing.
You pay an option fee to enter, which is not refundable and will usually pay a higher than market rent (some give you the car loans) and you have the option of (at home, worth more than the market premium).
That said, I'll give you some tips to avoid sharks.
This is a good way to enter a house, but ........
Do not give too much of the franchise (VB).
Tributaries request from other customers, the options for a lease with the seller. Ask both current and those who have exercised the option and buy the house.
In addition, you have as much right to be consulted, as they do for a checkup. Normally, your credit card want to see, so I want to see the Declaration of mortgages, and recognize that their payments on time. You do not want to give a payment option and payments for 6 monthsClose bank. To avoid this, knows what taxes, insurance and mortgage payments. Your payment will be higher) to be (to allow the propagation and the amount you pay directly to a trust, and not directly with the owner. You can then use the difference to the owner in a separate check.
Get reviewed your contracts, etc. ....
So do not buy, the hype of them tells you that you will be able to buy the house for 12-36 months with conventional financing.
They do not know and neither. You need a mortgage professional to manage your credit card and a pre-approval for you. Although you will not be eligible now, he must know what it takes to qualify in the future. And there's no guarantee.
Some people have no chance in hell of qualifying in three years on the basis of certain factors, perhaps a tax lien or something huge. You should know that.
In any case, consider how the things.
Find a mortgage do for you, there are probably a lot of local guys, you can go.
Good luck
Rental properties, lease option, lease, must give opportunities for a house with conventional financing.
You pay an option fee to enter, which is not refundable and will usually pay a higher than market rent (some give you the car loans) and you have the option of (at home, worth more than the market premium).
That said, I'll give you some tips to avoid sharks.
This is a good way to enter a house, but ........
Do not give too much of the franchise (VB).
Tributaries request from other customers, the options for a lease with the seller. Ask both current and those who have exercised the option and buy the house.
In addition, you have as much right to be consulted, as they do for a checkup. Normally, your credit card want to see, so I want to see the Declaration of mortgages, and recognize that their payments on time. You do not want to give a payment option and payments for 6 monthsClose bank. To avoid this, knows what taxes, insurance and mortgage payments. Your payment will be higher) to be (to allow the propagation and the amount you pay directly to a trust, and not directly with the owner. You can then use the difference to the owner in a separate check.
Get reviewed your contracts, etc. ....
So do not buy, the hype of them tells you that you will be able to buy the house for 12-36 months with conventional financing.
They do not know and neither. You need a mortgage professional to manage your credit card and a pre-approval for you. Although you will not be eligible now, he must know what it takes to qualify in the future. And there's no guarantee.
Some people have no chance in hell of qualifying in three years on the basis of certain factors, perhaps a tax lien or something huge. You should know that.
In any case, consider how the things.
Find a mortgage do for you, there are probably a lot of local guys, you can go.
Good luck
Depends. If you rent a property, the amount of interest they charge you? When high in the sky, it would be a bad idea. It would be better to try to repair your credit card. I recommend this book by Suze Orman. There is good advice on how to improve your FICO score. Try to be patient and develop a plan where you can start your credit repair. By late afternoon, if you have to rent if you have it, then you have a house that needed major repairs on the line, but not in a position to receive a loan, or underwriting a mortgage because your credit is always nor bad. I think it's a bad decision. The fact that the rental property is a way to suck dry for the interest they charge, not because you get a mortgage. Repair your credit card. It may take some time to be, but ultimately worthwhile.
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