Rentals in Murrieta>Question Details

Mark Brownlee, Home Buyer in Mohave Valley, AZ

Does everyone know that Rent To Own is just a credit repair service in clever disguise. Its $200.00 a month for them to clear your credit.

Asked by Mark Brownlee, Mohave Valley, AZ Wed Feb 6, 2013

0 votes Share Flag Rentals in Murrieta

Help the community by answering this question:


It depends on which company you are working with. Some are legitimate and some are not. Is the $200/month in addition to what you are paying for rent + option downpayment or is the $200 an administrative fee?

General rule of lease option
1. Option money is what you paid upfront is nonrefundable
2. Rent is usually (99.99%) higher than market rent
3. Down payment is in addition to what you pay in number 1 (above) each month
4. You need several contracts in place
5. Deal with an escrow or risk loosing everything
6. Work with an agent who knows lease options; "do it yourself" could mean problems
0 votes Thank Flag Link Wed Feb 27, 2013
Just curious...what's the actual name of the company? is it just Rent to own? I'm wondering if there's a branch here in California. When you get a chance, please post more info such as full company name, address, website, etc. So we can all check it out.
0 votes Thank Flag Link Thu Feb 7, 2013
Very interesting and will look into this, thanks!
0 votes Thank Flag Link Wed Feb 6, 2013
Do you have a BK or foreclosure in the last 2-3 years? If not, you may already qualify to buy with a minimum 580 fico score and with only half percent down payment program. I specialize in Under 640 Fico Score Loans and offer credit repair AT NO COST to raise fico scores to qualify for programs, rates and terms. I can raise fico scores within 3-4 days in most cases. It only takes a few dozen questions to qualify in minutes. Here are some links to study and consider.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
9am till 9pm 7 days
0 votes Thank Flag Link Wed Feb 6, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer