🚀 go-pugleaf

Duh!
"sp" <wbto@sympatico.ca> wrote in message 
news:FXOdg.2393$ho5.190322@news20.bellglobal.com...
> Anyone bought or sell through "Rent to Own"?   Any pros and cons?
>
> Susan
>
>
>
> "Devils Advocate" <devilsadvocate66@hotmail.com> wrote in message
> news:e586st$n4r$1@news.datemas.de...
>> All too often I see good people w/ bad credit fall into traps similar to
>> this because they are so excited about "owning" their own home. When in
> fact
>> the don't own it, have no converage, no protection, but still responsible
>> for the upkeep. Geez man you must love tenants like this eh?
>>
>> I recall a friend of mine get ready to jump into one of these contracts.
>> Prior to doing so, I strongly encourage him to seek legal advice. This is
>> what he did , and for 100 dollars had a contract written up for the
> landlord
>> to sign. Similar to an "held back mortgage", I'm sure you know what terms
>> that is. Anyways the bottom line is, the landlord would not sign, and it
> was
>> on his terms or nothing.
>>
>> So I say to people reading your ad, don't jump the gun, and seek legal
>> advice to have a contract drawn up and ask the landlord "deal or no 
>> deal."
>> I'm sure you won't be shocked on the answer.
>> "JSC Rent To Own Homes" <bpappas@rmminc.net> wrote in message
>> news:1148682358.515384.132840@j55g2000cwa.googlegroups.com...
>> > Not to get bogged down in semantics, the new contract can have the same
>> > terms as the old one. This is a matter of negotiation.
>> >
>> > House burns down, owner of the policy (landlord) gets the money. What
>> > does tenant get (is this in writing?) It all depends on what is in the
>> > contract. That is what is in writing. Did the tenant negotiate for it?
>> > Did the tenant have renter's insurance to cover personal property?
>> >
>> > If landlord goes bankrupt - the tenant still has legal rights and can
>> > exercise the option. Did the tenant and/or landlord record the contract
>> > to put a cloud on the title? That would help matters. However, if the
>> > tenant can't afford to exercise the option after 5 years, he/she should
>> > have never entered into the deal in the first place.
>> >
>> > Look, the RTO concept has risks. No one (tenant or landlord) should get
>> > invoved without a good understanding. Hire an attorney if you need
>> > help. You would probably hire one in a conventional house purchase.
>> >
>>
>>
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