Property Q&A in 33020>Question Details

Karla Shostak, Home Buyer in Hollywood, FL

Would owners of this home be open to a rent to own arrangement while I save for a down payment?

Asked by Karla Shostak, Hollywood, FL Sun Jan 18, 2009

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This question is about this property: http://www.trulia.com/property/1073770858-1210-N-22nd-Ave-Ho…

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Hi Karla:

I checked the listing for you on the MLS and I'm very doubtful that a rent-to-own arrangement would be considered for this property. It's a bank owned foreclosure and I'm pretty sure that all the bank wants to do is get it off their books asap. Are you sure you can't get financing? If you qualify for a FHA loan - among other things you'd have to be a 1st time buyer and you'd have to occupy the home yourself - you would only need 2-3% as a downpayment. In this case that would be $1,900 - it could be worth considering.

If you'd like to speak to a good mortgage broker, I can put you in touch with someone. Feel free to contact me.

Best of luck either way,

Angela
Web Reference: http://www.villagrealty.com
0 votes Thank Flag Link Sun Jan 18, 2009
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