Foreclosure in Riviera>Question Details

Veravvacek, Home Buyer in New York, NY

Can an agent please call / text me moving to SB in the next week want to buy through the rent to own prog when can I come see the house 818.813.4529

Asked by Veravvacek, New York, NY Sat May 10, 2014

Thanks renee & Robert Morteo

Help the community by answering this question:


Hello Renee and Robert,
My company just rolled out a product that is a real rent to own program where you buy the property and everyone gets paid accordingly, then you pay the lender that buys the house for you rent until you are able to buy it from them outright and all your payments and equity become yours at that time.

Call me or email me if this sounds like an option for you now or in the future.

Valli Lopez
NMLS 980530
0 votes Thank Flag Link Fri Sep 19, 2014
Dear Renee & Robert,

I only know of one property where the seller will consider a lease with the option to buy however they would be more willing to do a seller carryback where the seller provides the financing. generally you will need about 30% down to enter into one of these since the seller is taking on a larger risk.

let me know if you have any other questions.

Andy Madrid
Coldwell Banker
1290 Coast Village Rd
Montecito, CA 93108
(805) 452-1456
0 votes Thank Flag Link Tue Jul 15, 2014
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