Property Q&A in Randallstown>Question Details

sharondeans58, Renter in Randallstown, MD

This house is bank-owned, The owners can't be found. I would like to rent with option to buy, What do I need to do ?

Asked by sharondeans58, Randallstown, MD Tue Jul 2, 2013

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Bank owned properties do not do rent with option to buy so that won't be a possibility for you. You would have to qualify for a mortgage loan to get that home when it comes on the market.
0 votes Thank Flag Link Mon Jul 8, 2013
Bank rarely do rent to own because they are not in the property management business. Once the house it out of the redemption period it will be listed for sale. This can take a pretty long time and they will leave it vacant until the process is complete.
0 votes Thank Flag Link Tue Jul 2, 2013
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