Tenisha it is near impossible. Banks do not usually rent their REO homes. They want to sell them and recoup as much money as they can. They do not have the resources to manage rentals. It is just not cost effective. You would be better to look for an investor who would do this for you. There are buyer brokers who specialize in lease purchase. My advice is to use one to avoid scams.... more
The signed contract is a legal document that binds both parties. So if you really want the house, get yourself a real estate attorney to present the facts to the seller who can be in breach of contract if he refuses to allow certain action items to proceed.
What he wants to do --- "pay the difference on the side" --- is intent to defraud.
If the contract contains appraisal contingency, then lower appraisal can be a reason for the sales price re-negotiation. I will strongly recommend buyers to include appraisal contingecy in their offers on the property.
Hi. I'm Misty Mink with Century 21 Guice and Associates. We have a home for rent in Ocean Springs for $1000 monthly. It's a 3 bedroom 2 bath home. 1,300 sqft If you are interested and would like to set an appointment to go and view or if you have any questions you can reach me at email@example.com. You can also reach me by cell at 228-235-3399 or at the office 22-875-1131... more