Here's a link to a blog I wrote on how to find lease-option properties: http://bit.ly/findaleaseoption
Yes, in the right circumstances both investors and homeowners are willing to sell using lease-options. Some investors even specialize in it.
Hope that helps.... more
most leasing companies will run a credit report - so any foreclosure would definitely come up - depends on timing whether it would affect your ability to rent - you might find out that if your insurance cancels your policy, your mortgage company has the automatic right to place your insurance with a carrier of their choice at the higher amount - might you not be able to sell your house before it goes to foreclosure ?- that would be the option I would recommend - Linda Lloyd Acorn Realty 855-2280... more
as a Realtor, when I list a house I give my seller projections on the selling costs, then when we have an agreed upon contract I again redo the sellers closings costs with the exact dates and agreed to expenses - part of a proper listing presentation is to review those numbers with you before you list your home so you know where you are headed - I would be happy to help - Linda Lloyd - Acorn Realty (479)855-2280... more