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Huger : Real Estate Advice

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Activity 4
Fri Jul 12, 2013
Brian F. Walsh answered:
Hello Candace. You basically buy an option to buy the property at the end of a set period of time (typically 1-2 years) and in the meantime you are leasing the property. The upside is that you can test the house so-to-speak and use the time to repair your credit if necessary to position yourself to buy at the end of the option period. The downside is that you have to set a price in the beginning without knowing what the value will be at the end. Obviously, you won't exercise the option if the purchase price turns out to be too high. The other potential problem that I see is that you may end up losing your option should the house go into foreclosure during the lease option and I would be cautious and reluctant to put down any sizeable amount. I hope this helps.

I hope this helps!

Brian Walsh
bwalsh@carolinaone.com
Brianwalshrealty.com
843-754-2089
... more
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Mon May 23, 2011
Marika Kary answered:
Go to the Berkeley County Website: http://berkeleycountysc.gov/ and you will find the property record cards, foreclosure history master in equity dept., etc.
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Fri May 20, 2011
Marika Kary answered:
It does appear that it was 928 Blissful, from the County MIE record:

Wells Fargo Bank Na Master/Master's Report of Sale Filing 05/18/2011 - 13:38:01
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