It sounds like you are talking about renting a house while the owners are going thru Foreclosure:
In that case I would recommend to the owners that they not do that; for several reasons.
It may not be a good situation for you either;
You may be asked to leave on short notice,
Maintenance will be ignored and repairs will not be done,
A house going thru Foreclosure is a target for thieves and vandals
The owner may quit and leave you holding the bag.
good luck and may God bless... more
Let me know your price range, and preferences such as number of bedrooms and bathrooms. Please email me at firstname.lastname@example.org and I'll see what I can find for you.
Partners Real Estate
I am finding No homes on Clemens listed for sale through our MLS. And there are several listed on Corby St. - but these are all for sale. Do you have a particular address in mind? And a particular question regarding these properties? Let me know what I can help you with. Thanks!
email: LinGray@CressyEverett.com... more
I have a client that has a three bedroom home up for a lease option in OxBow Elem/Concord Schools area. I would be happy to put you in touch with him and see if this would be a possible fit for you.
Either email me or call me and I would happy to give you more information.
You need to understand the basics of rent to own or lease purchase. this is going to be more expensive for you in the short run than a regular lease or even outright purchase. It works well for people with substantial income but credit issues.
1. the seller will require a (nonrefundable) deposit,usually 10% of purchase price.
2. You agree to purchase at a specified time(usually 12 mos.,but negotiable)
3.you pay a monthly lease which must be above market rate.
4. The deposit and extra money are put into an escrow account to build up your down payment.
5. At the end of the 12 mos.(or whatever is agreed upon) you take your down payment,go to a mortgage lender & get financing
6. if you do not go through with the purchase at the apecified time,you lose your escrow funds. this is to compensate the owner for keeping the house off the market.
7. if the house depreciates in value,you are locked in at the original purchase price.of course,if the house appreciates,you come out ahead on this.
There are a lot of pitfalls in this kind of arrangement,so please contact an agent to protect your interests.... more
This is a great time and opportunity to buy real estate, if you are in the position to do so. Rental rates have continued to hold, while purchase prices of real estate have dropped some with the recent market. Also, purchasing real estate gives you certain tax advantages that are beneficial.... more