The Federal Housing Administration (FHA) announced the Back to Work Program on August 15, 2013. This program is great news for you if your damaged credit history is a result of the recession.These are the 5 things you need to know about the "Back to Work" Program.Let's dive right in... 1. You No Longer Have a 2-3 Year Waiting Period for an FHA Mortgage If you experienced an "economic event" like a:Pre-foreclosure Sale Short Sale Deed-in-Lieu Loan … [Read more...]
How to Read and Understand Your Credit Report
Understanding all of the information that is contained in your credit report is the first step in improving your credit scores. This video makes it very easy to understand. Recommended We strongly suggest you have your (and your spouses) credit reports in front of you to follow along with. If you don't already have it...Get your credit reports now at CreditReport.com.Get your $1 Report and Score with enrollment in Experian Credit Tracker Important NotesThere are … [Read more...]
Popular Lease To Own Store Aaron’s Settled FTC Computer Spying Charges
Aaron’s, Inc., a national, Atlanta-based rent-to-own retailer, has agreed to settle FTC charges that it knowingly played a direct and vital role in its franchisees’ installation and use of software on rental computers that secretly monitored consumers including by taking webcam pictures of them in their homes.According to the FTC’s complaint, Aaron’s franchisees used the software, which surreptitiously tracked consumers’ locations, captured images through the computers’ webcams – including … [Read more...]
Eskimo Bully Gives Cold Shoulder To Over Dozen Tenants
I came across a troubling news story reported by James Llanos, Sr. from Sitnews.us earlier this weekAccording to the article, a property management group, Tlingit-Haida Regional Housing Authority Juneau, residing in Ketchikan, AK is demanding a whopping thirteen tenants agree to sign new rental agreements in order to nullify the original paperwork.According to the tenants, the original agreements offered the home as a rent to own. According to Llanos, Tlingit-Haida is demanding that … [Read more...]
Why Rent To Own Home Buyers Usually Get Ripped Off
Don’t become the victim of the next scam! Learn how to rent to own the RIGHT way to save you money, frustration, and to help you become a homeowner!Rent to own home sales are usually done between two private parties, often without legal or professional assistance on the part of the buyer. For anyone who doesn’t have extensive knowledge in real estate deals, renting to own can put you at the mercy of a less-than-honest homeowner. One such Easton, MA landlord recently plead “not guilty” to … [Read more...]
13 Incredibly Simple Questions to Ask Rent to Own Home Sellers
Now that you have a good idea of what to look for while searching for rent to own homes, let's go over some of the more important questions you want to ask when calling on listings.This is not a complete list of every question you should ask. So if you have other questions or concerns be sure to bring them up to the seller. Is the home available for Rent to Own or Owner Financing? How much are you currently selling the house for? How much is the rent per month? How much … [Read more...]
Discover The Six Costly Yet Simple Mistakes Robbing Rent To Own Buyers Blind
Paying WAY above market rent Buyers of rent to own homes often end up paying rental amounts that are way above fair market.This is because a seller will say something similar to this:“Well the rent is $1,300 per month. $1,000 goes toward rent and $300 goes toward purchasing the house.”This might sound like an ok setup at first, especially if you have trouble saving money for the long-term. But for the seller this is an amazing deal if you agree to it. Because they would be receiving … [Read more...]
Actual Calls To Sellers – Free Lesson
You can watch the live recorded calls here (it's only 5 minutes and teaches some cool stuff that will help you.)Look - you can totally model this type of phone conversation.It's a great way to find out if a home is worth more of your time, while being super comfortable making calls from your home.The reason I chose to give you this lesson (besides the awesome quality :-)) is because it shows you simple questions to ask a seller to position yourself in a way that … [Read more...]
How Rent To Own Works – A Detailed Explanation From RentUntilYouOwn
Transcript: When buying a home using the rent to own method, you are renting as you normally would with a traditional home.This is the same as any other house you have rented in the past. The main difference is, you also have the option to purchase the house within a certain time-frame.Basically you find a home that you want to buy, but instead of buying it right away you simply rent the house.While you are renting you will have time to save money, improve your credit, decide if the … [Read more...]
Difference Between Rent To Own and Owner Financing Homes
It is very important to know the difference between owner financing and rent to own.First a brief overview of rent to own, which we explained in the previous video here and then we will explain owner financing and how it works.In a rent to own purchase, which can also be called a lease option, lease purchase, lease to own, rent to buy, or the like, you as the buyer, or tenant, have the option to purchase the home at any time during the rental period.This means you have the legal … [Read more...]
