It depends on the banks attitude. It could be structured as a lease with a purchase option using a preset price at the end, for example of $100. You will need to have it presented to the bank with terms that are acceptable to you for consideration. Please let me know if you need more information or I can be of assistance.
1 year is the absolute soonest, and this is only if you had no mortgage lates within the 12 months preceding the short sale. Otherwise it is a 3 year wait for a VA or FHA loan or between 2 and 7 years for Conventional. 2 years requires a 20% down payment, 4 years if you only have a 10% down payment, and 7 years if you want to do 5% down.
Why would a homeowner give Title away? Especially to a smart and savvy investor? The homeowner will end up have a loan(mortgage) with no collateral (title). Why not modify the home? File chapter 13 bankruptcy and set up a payment plan.
Rent buy back options are usually done with intent to fraud. Where is the $50,000 coming from? A friend? A fly by shop rescue company? If the investor has Title and a Lien on the home, he can foreclose for non payment as well. There are plenty of guidelines and regulations to Rent To Own, Lease Option to Purchase, etc. My suggestion is: do more homework on the topic.... more