0 minute readHome sellers today who are having difficulty selling in a slow market may be interested in lease-to-own as a way of encouraging a future sale and generating rental income while they wait. Would-be home purchasers who have seen their credit scores decline because of payment problems or who can’t meet the higher credit scores and down payments required today are attracted to lease-to-own as a possible avenue to homeownership. The subprime mortgage — an alternative route to homeownership — has been closed and will stay closed indefinitely.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
How Paris Hilton demonstrated an age-old accounting principle and why this matters for clients
Business theory IRL
As I like to share with my MBA graduate students, the principles of our classes are not just theory. They have real-world (or, as my Gen. Z students say, IRL (in real life)) implications.
-
Making the 7-day refi reality: Why now Is the time to modernize the mortgage process
-
Affordability-first search: Why patent revival puts real estate at a crossroads
-
Here’s why non-QM earned its place at the mortgage dinner table
-
The future of QC: AI, innovation and the human element
-
The path to automation
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
