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RentUntilYouOwn.Com Offers Tips to Avoid Rent to Own Homes Scams

Press release   •   Jun 09, 2011 07:47 EDT

RentUntilYouOwn.Com, the web’s premier resource for rent to own homes in the entire United States of America, now offers tips on how to avoid Rent to Own Scams which have been pilfering huge cash from hundreds of potential homeowners who fall for the trap.

Rent to Own Scams have victimized different individuals especially those who are desperate to own their own homes—a real American Dream. Every American wants to have their own house that they can call their own. However, various circumstances have prevented individual Americans from owning their own dream homes like bad credit scores and high down payment or mortgage rates. With the current state of the economy, owning a home is getting more and more difficult.

According to RentUntilYouOwn.Com, the current state of the nation’s economy, bad credit scores and high mortgage rates, “should not hinder any individual from living the American Dream.” Rent to lease houses have proliferated through the years and with the continuing dismal state of the economy, more and more individuals are sorting to rent to lease homes, which offers the perfect opportunity for individuals to own their dream house.  But they also warned potential homeowners from different scams by doing the following:

1.Read and understand the contract. Potential homeowners should bear in mind that contracts for rent to lease homes are entirely different from other contracts that involve real estate. Individuals should understand that the house will only be fully sold after a numbers of years of staying in that particular property. Homeowners should know what fees that they need to pay plus the additional premiums and rent.

2.Don’t forget to consult a lawyer. This step is particularly important because rent to lease houses is a big deal. Homeowners should be properly represented and should only consult lawyers that are well versed in the real estate industry. Affixing an individual’s John Hancock on a document that they do not understand may always put them on the losing end.

3.Think twice about the consequences of rent to lease homes. Everything has its own pitfalls and homeowners should be well prepared for what they will be involving themselves into when they enter lease to own agreements. Potential homeowners should weigh out the consequences and the benefits first before entering into the agreement. RentUntilYouOwn.com reminds its clients time and again that “while lease to own homes are perfect opportunities for potential homeowners, you have to be perfectly fit with lease to own systems.”

Lease to own homes offer a lot of benefits especially for individuals who cannot afford properties if they undergo the “usual process.”  People who cannot apply for mortgage or who will have high mortgage rates because of their bad credit can also benefit from this particular opportunity. No huge amount of cash needs to be shelled out for the down payment and most of all individuals can now afford their dream houses.

Rent to own homes is an ideal choice for a lot of Americans who want to purchase their property despite their bad credit or a dismal economy. However, homeowners are reminded to think the entire process through because risks are always involved which is why understanding the contract and being properly represented is a necessity before any homeowner signs any lease to own contracts.

About Us:

We are using the rent to own homes method to buy and sell a lot of homes. This method was very interesting to me because of the market and how tough it as been the last few years to find a buyer who can qualify for a mortgage. We at rentuntilyouown.com offer the best advices and suggestions to the people who want to sell and buy houses. As there are a lot of scams regarding buying and selling homes, so our main purpose is to give full detials about pro's and con's.

Contact Us:

Cole Haynes
RentUntilYouOwn.Com, LLC
Cole@Rentuntilyouown.com
http://www.rentuntilyouown.com
2714 E 122nd Street
Tampa, FL 33612
813-421-3603

We are using the rent to own homes method to buy and sell a lot of homes. This method is very interesting because of the market and how tough it as been the last few years to find a buyer who can qualify for a mortgage. We at rentuntilyouown.com offer the best advices and suggestions to the people who want to sell and buy houses. As there are a lot of scams regarding buying and selling homes, so our main purpose is to give full detials about pro's and con's.