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
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros
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
