Guardians of Grail

zekjhiryyh

It would be unethical and dishonest to enter into a lease optiondeal with a couple whose credit could never be cured even with amiracle [link widoczny dla zalogowanych] drug.
During the lease period the renter/optionee must be working toimprove their credit score to the [link widoczny dla zalogowanych] point where they can qualifyfor a [link widoczny dla zalogowanych] loan and buy the home.
Both parties in a lease-option deal are counting [link widoczny dla zalogowanych] on [link widoczny dla zalogowanych] the buyerbeing able to qualify for a home loan before [link widoczny dla zalogowanych] the option [link widoczny dla zalogowanych] expires.
We are not aware that it has happened, but we fully expect tosee a lawsuit filed against some careless investor who does alease option deal with someone whose credit is beyond redemption.
[link widoczny dla zalogowanych] Why are real estate investors having so much success [link widoczny dla zalogowanych] offering"rent to own" homes?
That renter/optionee has been lead to believe he can [link widoczny dla zalogowanych] buy thehome and when he [link widoczny dla zalogowanych] finds out he can't we are sure [link widoczny dla zalogowanych] some [link widoczny dla zalogowanych] hungrylawyer will rush to [link widoczny dla zalogowanych] their rescue.
Oh boy, there are plenty of those around.
In our own investing program.... Before we accept [link widoczny dla zalogowanych] someone for alease-option deal we have them interviewed by our friendly loanbroker. He gives us thumbs up or thumbs down on whether ourprospective buyers has a chance to qualify for a mortgage loanduring the next 12 to 24 months.
We can visit that investor in jail and bring him a copy of a "nomoney down" book with a file hidden inside.
Lease-options offer home ownership opportunities to folks withlittle cash and not so hot credit.
The investor wants to collect his profit when the optionee buys.The optionee wants to own the home.
Even though there is plenty of sub-prime loan money floatingaround at the present time... the lease-option method ofacquiring a home seems to appeal to many.