There may be sellers interested in leasing for 2 years with a contract in place to close at the end of the lease term. Usually there is a larger deposit made which would in turn would be considered earnest money at closing and applied to your closing costs, etc., or it would be forfeited if the contract/lease is broken. The terms would also outline the timelines for providing verification of financing, etc. toward the end of the lease, close to the time to close. I hope that helps give you some idea of how a lease/purchase option would work.

Lynn Fillingham
Marketplace Real Estate
601-941-1105

Gunalda,
Hi!
I would consult a good realtor in your area!
Look for a home that has been on the market awhile!
Keep in mind, make sure you use a Realtor with EXPERIENCE in Lease Options.
To protect you, it needs to be recorded!
Before you enter in a Lease Option, make sure you study the positives and negatives!
I used to live around Madison and have family there!
Good Luck!
Steven Abraham
lagunacastles@cox.net http://www.stevenabraham.com
Prudential CA Realty
Laguna Beach, CA