Considering Lease Purchase
This report covers the possibility of redeveloping REOs through lease-purchase strategies, which can help homeowners who are struggling because of strict lending guidelines to advance toward homeownership faster. Ideas for offering this option are covered, as well as profiles of potential lease-purchase customers. The report also looks at buyers, their needs and ways to communicate and reach out to them. It gives property owners ideas on how to plan for this type of program, determine eligibility, create contracts, provide information on property management, etc.
SOURCE: David Cramer and St. Ambrose Housing Aid Center