Profile picture for lisaharvison

can this property be rented are rent to own?

8685 magnolia lane E. Irvington, AL
  • November 11 2012 - Irvington
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Answers (6)

Profile picture for lisaharvison
thank you, Ashley for your quick response to my question and I hope we get the house Lisa
  • November 14 2012
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That's great, Lisa!  I hope everything works out for you and your family!
  • November 14 2012
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Profile picture for lisaharvison
thank you for your reply to my post, we are now looking into getting a first time buyers loans we really like this property and where it is located, lisa
  • November 13 2012
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Hello-

From what I found, This property was foreclosed on March 2nd, 2012 and the lender now is the owner.

So no, This property wouldn't be one you could do a rental or a lease-purchase agreement while it belongs to the lender.
  • November 13 2012
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Profile picture for lisaharvison
thank you we were looking for a place we could rent with the hope of purchase in the near future, we will consider a home loan and get back with you, again thank you     Lisa
  • November 11 2012
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Profile picture for wetdawgs
Lenders don't consider "rent to own"  on foreclosed properties.    Rent to own tends to be a great way to lose a lot of money for the potential buyer.  Spend a year or two improving your credit and saving up a good down payment, then you will be able to purchase.
  • November 11 2012
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