what if I buy in big river and the lease is up in 2029 will I lose what I bought?

Asked by ragdasscarpenters, Earp, CA Tue Oct 15, 2013

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Alexander Gr…, Agent, San Jose, CA
Tue Oct 15, 2013
Technically you didn't buy anything. You are basically renting the land and house

Alex Greer
Loan Officer
NMLS #1056079

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Jose Ixmay, Agent, Chino Hills, CA
Tue Oct 15, 2013
Good Afternoon,

When you purchase a property you can do so via what is termed "Fee" or "Lease". If you do purchase via the "Lease" option, you do purchase the property for a predetermined amount of time. Once that terms of the contract have been fulfilled the property reverts back to the person who sold you the property.
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