Rentals in Dallas>Question Details

rburks, Home Buyer in Dallas, TX

I had a forclosure about a year ago and was looking for a rent to own home and do not know where to look.

Asked by rburks, Dallas, TX Fri Jan 25, 2013

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Find a home that you like that is "for lease or for sale" and live in it while you build your credit rating and your down payment. Finding a home owner willing to do"owner financing" is an excellent opportunity to buy now. Other than the foreclosure, is your rating good?
If you have questions, please call me.
Rosalyn Traylor
0 votes Thank Flag Link Sat Jan 26, 2013
Hi there

You can use my website at

I would be more than happy to help. Do you know what your credit score is after the foreclosure?
You might need to save up for the deposit due to the lower score.

0 votes Thank Flag Link Sat Jan 26, 2013
I agree with Kenneth. While it is possible to find a rent to own or owner financed home you should concentrate on re-building your credit and saving money for a down payment. Owner financed homes have higher interest rates and a lot of risk if you do not go into them and fully protect yourself.

I recommend you just rent for the time being and work on your credit and savings so when you are able to buy in the next 2-3 years you will be ready from a credit stand point.

If you are set on buying something now just make sure you do your homework and truly understand what you are getting into as it is easy to be taken advantage of.

Best of luck to you.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157 |
0 votes Thank Flag Link Fri Jan 25, 2013
If you are looking for someone that will do owner financing, a Realtor like me can help you to find home owners that are willing to do that. You'll typically need at least a 10% down payment and be in good standing with the IRS. A seller will also most likely want to only finance for a short period, 5 years maybe, so you'll need to be working on your credit in order to refinance the balloon note at some point.

Let me know if you'd like my help.

Beau Beasley
Coldwell Banker
Cell# 214 966-2100
0 votes Thank Flag Link Fri Jan 25, 2013
Rent to own homes are very difficult to find and risky to buy. You may just want to hold off and wait another year or Two. Talk with a lender to see where you stand credit wise.

Good luck.

Turtle Creek Realty
0 votes Thank Flag Link Fri Jan 25, 2013
Just pick any 1 of us and we can help find your rental.

Turtle Creek Realty
0 votes Thank Flag Link Fri Jan 25, 2013
I recommend that you continue to lease.

Brent Rice, Trulia Top Recommended Broker (Pro & VIP)
The Rice Group, Inc.
0 votes Thank Flag Link Fri Jan 25, 2013
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