To add to the previous responses, this appears to be a short sale (the sellers are upside down and owe much more than it's worth), so it is very unlikely that they would consider a rent-to-own option. Also, when I work with sellers, a rent-to-own can make a lot of sense for them; the numbers are usually in their favor since they usually rent/sell to people with lackluster credit who can't qualify for a conventional loan. On the other hand, when I work with buyers, I advise them of this fact.
My wife is an attorney, and she can assist with various trust deeds, and other forms of seller financing. Please feel free to contact us!
Andy & Briar Stahl: 702-430-9599