Josie:

A couple of years ago, GSF Mortgage and Home Buyers Realty formed SuburbanRTOHomes.com to help those individuals looking to Rent to Own. Here is more about our program:

SuburbanRTOHomes.com is a division of GSF Mortgage and Home Buyers Realty. We buy foreclosed properties throughout the Chicagoland area. Once we purchase the homes, we send in our work crews to totally gut and rehab them. On our most recent home, we put on a new roof, replaced some of the siding, replaced landscaping, put in new carpet and padding throughout the interior, replaced the kitchen and put in tile flooring and stainless steel appliances, and of course repainted and repaired the walls. We also installed a new washer and dryer. The rehab usually takes around 30 days and the property is basically a new property when we are completed.

Once the rehab is complete we put the home on the market rent to own. Our rent to own program is a short term program. To move into the home you would have at least a $1,000 security deposit and the first months rent. Your rent payment would be the equivalent of your mortgage payment (including the escrow for your property taxes and home owners insurance). We credit you 100% of your security deposit and 100% of all your rent payments towards your down payment. Once we determine you have the necessary down payment we close on the mortgage loan with our sister company, GSF Mortgage. Your mortgage will be a 30 year fixed rate mortgage at market rate with your property taxes and home owners insurance escrow included in your monthly payment.

What are we looking for in our applicants? We know that the credit is going to be bruised - especially in this economy. We expect that and are able to work with that. However, we are going to run a credit check. We want to make sure that there have been no foreclosures in the last 3 years, and no chapter 7 bankruptcies in the last 2 years (if your bankruptcy happened within the last 2 years, but has been over 1.5 years since we still encourage you to apply). We also want to make sure their are no open judgments, or that you have the ability to satisfy them before closing. Of course, we also want to make sure you have enough income to make the monthly payment on your new home!

Our Rent to Own homes are located throughout the Chicagoland area, and our monthly payments average between a low of $1,350/mth, and a high of $1,800/mth - it all depends upon the market value of the property.

I look forward to hearing from you to discuss your particular situation! Please contact me at 630-806-7016 (office) or my cell at (630) 430-1091!

Sincerely,

Kurt Clements
GSF Mortgage
3933 75th St
Aurora, IL 60504

Office: 630.806.7016
Cell: 630.430.1091

kclements@gsf-mortgage.com http://www.suburbanrtohomes.com

Josie,

I would be glad to help you. I have 2 homes with rent, option to buy. Feel free to call my cell, 708-533-0515. How is your credit? Do you know if you buy before December 1st you will get $8000 back FREE, or 10% of what you buy if it is less than $80,000? I have lenders who will help you get approved for FREE even over the phone. Call Niki Igel, 630-854-7434. Tell her Carmen from ReMax referred you. She will pull your credit for FREE, which you will need in order to rent anyway! Then she will tell you your options. Call my cell, 708-533-0515 if you have any questions. I am very good at getting the seller to pay closing costs too! You won't be sorry you went with me as your Realtor. My services to you are FREE, which is the best thing! I look forward to hearing from you.