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Baybeeh
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Baybeeh’s Answers (1)
Baybeeh answered:
Why would a homeowner give Title away? Especially to a smart and savvy investor? The homeowner will end up have a loan(mortgage) with no collateral (title). Why not modify the home? File chapter 13 bankruptcy and set up a payment plan.
Rent buy back options are usually done with intent to fraud. Where is the $50,000 coming from? A friend? A fly by shop rescue company? If the investor has Title and a Lien on the home, he can foreclose for non payment as well. There are plenty of guidelines and regulations to Rent To Own, Lease Option to Purchase, etc. My suggestion is: do more homework on the topic.
Rent buy back options are usually done with intent to fraud. Where is the $50,000 coming from? A friend? A fly by shop rescue company? If the investor has Title and a Lien on the home, he can foreclose for non payment as well. There are plenty of guidelines and regulations to Rent To Own, Lease Option to Purchase, etc. My suggestion is: do more homework on the topic.
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