Boo, Home Buyer in Tracy, CA

Is there any good lease to own companies in solano county California?

Asked by Boo, Tracy, CA Sat Jan 15, 2011

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7
Hi Guys,

Is there any good "Lease option" homes in the Green valley area? Also looking for a Realtor
familiar & willing to work with an client in that situation. 408-931-1515 or brutus8472@aol.com
Thx.RC
0 votes Thank Flag Link Thu Feb 28, 2013
Randy, you do not describe your client's situation, but HomeLiberty is available in Green Valley. The HomeLiberty's lease option is much faster than the years it takes for other programs. If the client would like a lease option to repurchase their existing home at today's market price, the FastTrack to Freedom is the way to go. http://www.home-liberty.com
Flag Thu Feb 28, 2013
Always ask yourself the "What-If" questions prior to agreeing to a lease option to purchase. Remember, lots can happen over time, changes in your life, values, neighborhoods, financing, loans, rates, condition etc. Answer all the "What-If's" will save you stress, headaches and money when considering a lease option.
0 votes Thank Flag Link Fri Nov 9, 2012
Boo,

The lease-to-own programs can be good, and I have heard good things about Waypoint. These programs assume you will eventually qualify for a loan from some other lender in order to purchase before the option to buy expires.

If you have not looked into HomeLiberty, you might want to.

It is similar to a lease-to-own program, but provides financing and is designed to get you into your existing home with your loan reduced to 90% of current appraised value so you have 10% equity.

The program is not for everyone, but if you are losing your home because of strategic default, it is probably a better solution than lease-to-own.
Web Reference: http://www.home-liberty.com
0 votes Thank Flag Link Sat Jan 14, 2012
Waypoint Homes has an excellent program that allows you to purchase the home any time after two years, and up to 4 years. There properties are rehabbed, and they appear to be very honest, and compassionate in working with foreclosed homeowners. The have treated the clients I have referred to them with compassion and dignity.
Web Reference: http://diannelangston.com
0 votes Thank Flag Link Sat Jul 2, 2011
Darin,

The last thing we need is drama on this forum, lol. Too funny. But hey, I'm a real estate broker in Fairfield, CA ( Solano County) and the link below you will find some lease to own properties.

http://norcalmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Bar…

Let me know if you like any of these.

Thanks,

Sameer
0 votes Thank Flag Link Mon Jan 17, 2011
Boo,

Your best bet is to rent until you can qualify to buy. Rent to own, lease purchase or rent to buy are all good deals for a seller but rarely workout for a buyer.

This is not a good choice for you as a buyer. Run from anyone who suggests that you rent to own. Buy when you qualify for a mortage do not get into a rent to own contract if you are unqualified.

The rent to own contracts are a sellers tool to get people into houses. The process is that you will sign a contract saying that you will buy the home someday in the future 12 months-18months. You will put down a sizable Non-refundable option deposit which will be applied as a downpayment when you buy when and if you buy on time. Normally an 8%-10% deposit. At the end of the contract if you don't buy the house for the original terms you will lose your deposit. Now you get to start all over again after losing $5,000 to $10,000 it's better to rent until you are ready..

Best of Luck,

Thank you,
Bill Carey, Broker/Realtor
Certified Short Sale Seller Specialist
Cell 704-905-0740
Fax 866-343-5945
Bill.Carey@HendersonProperties.com l http://www.HendersonProperties.com
0 votes Thank Flag Link Sat Jan 15, 2011
I don't think I have ever heard of any lease to own companies anywhere. Maybe there are a couple, but most lease to owns are done by the owners themselves. There are hardly any good advantages to the renter and some advantages to the owner. I would urge you to avoid rent to buy as it rarely ever works out well fro a renter and the owner gets to keep your option money and deposit if you don't go through with the purchase. I have read that less than 20% ever work out and I would think in these days it would be even less.
0 votes Thank Flag Link Sat Jan 15, 2011
HomeLiberty has 100% conversion rate. We just shorten the "rental period" down to as little as possible and get the family straight to owning. We typically have the family owning their property again within 15 days.

We have many very happy customers. If you are considering rent-to-own for your underwater property, you should look into HomeLiberty.

Mark Moore
HomeLiberty
http://www.home-liberty.com
Flag Fri Nov 9, 2012
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