So stay hopeful, put your best foot forward! Once you are ready to consider buying a home, speak with a mortgage lender to discuss what options you have and give yourself time to put this goal in motion. Good luck!
If by hardship you mean you sold a property in a short sale.
, most banks require a 3 year window before you can get a mortgage. With low credit, most landlords will be looking for a few months security. What you are asking about sounds like a lease with an option to buy. If you find the right seller/renter that may be possible. The problem is most owners want a downpayment for the buyout offer, and most lease buyout contracts are set for a certain time pewriod with inflation adjusters built into the ultimate ourchase price. Good luck$
Licensed Real Estate Broker
Prudential Joyce Realty
I would agree with Lori, You have to evaluate the timing on purcahsing. Additionally, rent to owns are not typically the best way to purchase, because purchasing is a emotional and financially delicate situation. When you decide to purchase, you want a particular home that you love and meets your needs. Most time people buy rent to owns because its convenient. If you are going to rent, then rent until your credit gets better, once your credit is in order then buy a property that you love and meets your needs. Call Lori Woodruff if you have any further question see is extremely valid professional in the marketplace.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors