Property Q&A in Fort Wayne>Question Details

atomicsue8, Renter in Fort Wayne, IN

can it be able to rent to own?

Asked by atomicsue8, Fort Wayne, IN Mon Jan 30, 2012

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This question is about this property: http://www.trulia.com/property/3020797644-934-Cherry-Blossom…

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5
Please visit my free informative website:
http://www.kenrichardsonrealty.com
0 votes Thank Flag Link Sun Mar 3, 2013
Sue,

Ken and Mike are both correct...just throwing my name into the mix :o)
If we can be of any assistance, please let us know.

http://www.unitedsells.com

Thanks,
-Chris
Web Reference: http://www.unitedsells.com
0 votes Thank Flag Link Tue Jan 31, 2012
Sue,

You may have read recent headlines about banks renting properties in default or foreclosure. For the most part those efforts are currently aimed at trying to rent the home back to the former owner rather than to evict them. With the growing number of foreclosures, though, it may eventually come to pass that lenders have to get into the landlord business. Banks/lenders are not equipt to manage rental homes currently and there are many costly infrastructure changes that would have to take place to make it feasible. For now I'm not aware of any lenders engaged in such a program. If you are in a place in your life where you are considering home ownership there may be many attractive advantages to pursue your desire. Home prices have become very reasonable and interest rates are probably the lowest I have seen in my 25 years of real estate experience. If you are not in a position to apply for a bank loan there may still be some opportunity to purchase a home on land contract or rent-to-own terms. I work with first-time buyer's as well as repeat home buyer's. Call me and we can chat about what may be right for you. Ken Richardson (260) 422-1888
0 votes Thank Flag Link Tue Jan 31, 2012
Hello Atomic Sue,

The previous agent has it correct. Repossed homes are not available to rent by banks. They want to get their money and run.
I am curious, you identify yourself as a renter. The nature of your question make me think that you really would rather stop renting & have a home you can call your own. If you call or send me an email, I should be able to help you with that.

Chip Perry
260-220-0363
trulia@chipperry.com
0 votes Thank Flag Link Tue Jan 31, 2012
This home is a bank owned property and will not be able to be leased in any way. The bank will want to sell outright. I would be happy to email you lease-to-own properties if you are interested.
0 votes Thank Flag Link Tue Jan 31, 2012
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