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Steer clear of rent to own’ deals – I advise against rent-to-own deals. Rent-to-own places get people in the door with promises of low monthly or weekly payments. But when it comes to rent-to-own furniture, washer and dryer sets, and.
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With most rent to own programs, the buyer/renter has the "option" to buy the home at some time in the future. Until that time, the owner/landlord is the real owner of the home. The owner/landlord’s name is on the deed, and that’s the person who is ultimately responsible for mortgage payments (if any) on the home.
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Rent-to-Own Homes: A Win-Win for Landlords, a Risk for Struggling. – But these rent-to-own agreements reside in a gray area of the law. years, at the end of a Vision contract, tenants still need to find financing to.
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