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Mortgage Professor about real estate lease option: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Can a Deadbeat Pay Cash?
January 10, 2000 "Can we bypass a credit check by paying cash for a new house? My husband and I have very bad credit. Our house has a current value of $400,000 and our current mortgage balance is $250,000. We want to sell and buy a cheaper house by using our equity and ... more... Lease-to-Own House Purchases 20 September 2004, 3 October 2005 Postscript What Is a Lease-to-Own Purchase? A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 ... more... |
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real estate lease option related definitions |
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Real Estate Investment Trust
Real Estate Investment Trust (REIT) A trust that uses investors money to purchase and manage real estate. A Real Estate Investment Trust (REIT) is a company that invests its assets in real estate holdings. REIT investments may be excellent inflation hedge. REIT's ... more... Lease With Option To Purchase Lease With Option To Purchase A lease under which the lessee has the right to purchase the property. A Lease Purchase Agreement is usually two separate agreements between the parties: a Lease Agreement and a Purchase Agreement. The Lease Purchase shows a definite tenant's ... more... |
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