Would the bank consider a lease/option to purchase this property.?

Asked by Jeanettebrandt, Oakley, CA Sun Sep 2, 2012

This question is about this property: http://www.trulia.com/foreclosure/3059364711--Piper-Bethel-I…

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The Medford…, Agent, Fremont, CA
Mon Sep 3, 2012
Typically, no. Lease options really don't make sense in the current market.
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Pacita Dimac…, Agent, Oakland, CA
Sun Sep 2, 2012
Since bank repossessed the property, they will likely engage a realtor to list it for sale. I have yet to see a bank leasing a property. Their objective is to clear their housing inventory since they are not in the business to become landlords.

If you are interested in purchasing a foreclosed home, your best bet is to engage a realtor to help you. He/she can also set it up so that you receive automatic notifications of properties meeting your requirements.

Good luck
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