What’s a Lease Option?
Lease options are great way to get into a home now, if you have dinged up your credit from a recent short sale or foreclosure. There are some things to be aware of though. You want to make sure the house is not priced way out of the market. The goal is to be able to finance at the end of the term. Another concern is you don’t want the owner to not be making his payment and end up in foreclosure too. The best way to ensure that doesn’t happen is to have a servicing company collect payments and pay the underlying mortgage before the profits go back to the investor lease optioning the property. Click the link below to see a property I have available for lease option.