The concept of a Rent To Own program sounds really good. BUYER: A set amount of each months rent is set aside as a down payment on purchasing the house. This builds equity and is a form of saving. The period of renting allows time for credit repair(contesting negative entries on the credit report). This period also allows the establishment of valid accounts that show a history of full on time payments(three or four accounts that show a history of good credit management make a huge difference).Seller: Today's market has 30% fewer buyers. Tightening the jumbo market on the high side, and raising the bar on the sub-prime side has made a tremendous difference over the past six weeks. This program allows a seller to market to a larger pool of buyers(applies when the seller does not n...
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