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9 Mar

Rent to own – Renter Beware!

General

Posted by: Kevin Carlson

Buying a house with “rent to own” contract can be a good way to live in the home you are saving down payment for. However, what if the owner of the home defaults on their mortgage and ends up in foreclosure? You could lose the down payment you built up and have to move when the bank sells the property. Renter beware!