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But with so many bank owned properties, rent2own homes and HUD foreclosures available, Rent-To-Own-Homelistings.com can help you find the residential property you’re looking for at a bargain price. We aren’t just the best site for foreclosed home listings; we’re also the best site for buying bank owned properties, rent to buy houses, lease to own homes and affordable town homes. If you’re tired of leasing or renting and are ready to find a rent to own town home, house or distressed property, you’ve come to the right place. So what is a rent to own home and how does it work?
Rent2Own homes are houses that are considered “for sale by owner”, allowing the renter to bypass bank financing, opting instead for owner financing. This is a great option for people with unestablished or bad credit. Rent to buy and lease to own homes allow the renter to make a small upfront payment and monthly rental payments. This small upfront payment serves as an purchase option, giving the renter the option to then buy the property after the term agreed upon (usually 1-3 years) has ended. Additionally, the monthly rental payments are padded slightly allowing for the extra portion to be added with the purchase option and serve as part of the down payment, should the renter decide to continue with the purchase. This method gives the renter the ability to build or repair credit, save a larger portion of their income and gives them the pride & responsibility of a homeowner.
Foreclosed, bank owned, short sale and HUD properties are also a great option for those looking for reasonably-priced home. We’ve included cheap bank owned homes, affordable condos, bank repo’s and other residential properties in our property listings, as these can be a great alternative for to leasing or renting homes. Bank foreclosed properties can be purchased at foreclosure auctions, as well as through approved real estate agents. While some circumstances can cause the purchase of foreclosed homes to take a bit longer than traditional homes, the benefit of lower overall cost can definitely be worth it. Luckily, finding foreclosure homes for sale is easy with our combined listings of bank owned homes and rent to own properties.