Are there any foreclosed lake front properties for rent to own in waukesha county wisconsin?

Asked by wulfie7, Pewaukee, WI Sun Jul 28, 2013

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Don Tepper, Agent, Burke, VA
Mon Jul 29, 2013
No. And don't do it.

Those are two different (and mutually exclusive) things: foreclosures and rent-to-own. Foreclosures are owned by banks. They want to sell, not rent or engage in lease-options. On the other hand, you may find some rent-to-owns or lease-options among financially stable sellers. (And you definitely want someone who's financially stable. If the seller goes bankrupt or loses the house to foreclosure, your lease-option becomes worthless.)

Here's a link to a blog I wrote on how to find rent-to-own properties: http://bit.ly/findaleaseoption

Hope that helps.
1 vote
Linda S. Cef…, Agent, Franklin, WI
Mon Jul 29, 2013
I wouldn't limit yourself to just foreclosed homes. There are many great deals out there. Many people believe that the foreclosures are the best deals when, in fact, they are not always the best deal. Work with a Realtor® and ask him/her to do a search for you and send you homes within your price range. Lake properties in WI have been having a hard time, but prices are on the rise and they are now starting to move. Find a good lender and ask them about USDA loans. You may be able to purchase instead of renting.
0 votes
Eric D Lenz, Agent, Greendale, WI
Sun Jul 28, 2013
No, there are not any foreclosed lakefront properties rent to own in Waukesha County.
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