BEST ANSWER
Hi Justin sorry to hear about your situation but it does not surprise me because we are seeing that a little more these days. One thing to consider right now is the market and here's why. If you do a lease option you will be agreeing to today's prices, coming up with an option fee (usually non-refundable) and stating you will close at a certain time. All things that in this market can change.
You would be better off doing a normal lease with a clause that says you will have the 1st right to purchase, if they decide to sell. That way you are not locked into a price and you will not lose your option fee if something changes.
I ran our system and came up with about 63 homes. You can check the link below for the ones I picked up to $1799 a month. Once in you can run your own criteria.
Hope this helps
Thu Jul 2 2009, 09:54