At your service,
Certified Distressed Property Expert
Many of the rental sites, including rent to own are scams designed to steal your money.
The best way to protect yourself is to make certain that anyone and everyone that you are working with has a valid, active Real Estate License issued by The State of California. You have the right to ask them for proof that they have a valid, active Real Estate License.
Ask everyone that you are working with for their DRE license number. That will eliminate the scammers.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org
First of all; Banks do not rent out property, much less, would they do a Lease/Option.
Secondly; if your credit is so bad that you cannot follow the conventional route, then the Bank will not give you the time of day.
Rent to own is very rare in our area because it doesn't make financial sense for either party. When we are in a strong seller's market, a seller would not want to hold up their property for sale to rent it out. Many scammers prey on people who otherwise can not afford to buy and it is those individuals which have the most to lose.