Why Wouldn't A Homeowner L/o?
why not L/o and charge the leesor for the amount of arrears,new deposit on apt,etc. with the deposit? advertise rent to own and people knock down your door. i've been told there is no such thing as a stupid question so...
You're making a couple basic assumptions here.
Number One. You are assuming they even know what a L/O is.
Number Two. You are assuming they have the know how and the contracts to sign up a L/O.
Number Three. You are assuming they are willing to leave the house. This assumes they are not in denial that they will lose the house.
There are a couple points to think about. Besides, who wants to move out of their single family home into an apartment?
If these people are going into foreclosure they may not even have the discipline to go out and market their property. I don't like to make assumptions about people, and alot of times people in foreclosure are really good people with just bad circumstances. However you'll often find that if they had done just a little something along the way they could have saved their house. They most likely don't even KNOW what options are out there.
Ryan J. Schnabel
thanks,
enough said. i was thinking from my point of view. the investor hopefully shows them all the options. t.d.