I want to know the reality of taking over a pre forclosure home in a rent to...

R

Ryan M

New member
It is too good to be true. Doesn't that plan sounds A LOT like the types of practices that created the whole real estate mess to begin with?? Stay away from ANY rent-to-own options. Those are FILLED with loopholes that are designed to make you lose in the long run.
 
...own scenario? I was introduced to all these programs about preforeclosure homes. My husband and I have three kids and are trying to buy our first home. However both of our credit sucks due to the past before we met. I have tried every option on getting a loan and cant not qualify. So I was told about the pre-foreclosures. I was told there is no credit check needed and no down payment needed either!? They also said we would just take over the payments on what is left due on the house. This sounds a little bit too good to be true! any advice help or knowledge anyone has would be great Thank you.
 
It is too good to be true. Doesn't that plan sounds A LOT like the types of practices that created the whole real estate mess to begin with?? Stay away from ANY rent-to-own options. Those are FILLED with loopholes that are designed to make you lose in the long run.
 
It is too good to be true. Doesn't that plan sounds A LOT like the types of practices that created the whole real estate mess to begin with?? Stay away from ANY rent-to-own options. Those are FILLED with loopholes that are designed to make you lose in the long run.
 
It is too good to be true. Doesn't that plan sounds A LOT like the types of practices that created the whole real estate mess to begin with?? Stay away from ANY rent-to-own options. Those are FILLED with loopholes that are designed to make you lose in the long run.
 
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