0 minute readHome sellers today who are having difficulty selling in a slow market may be interested in lease-to-own as a way of encouraging a future sale and generating rental income while they wait. Would-be home purchasers who have seen their credit scores decline because of payment problems or who can’t meet the higher credit scores and down payments required today are attracted to lease-to-own as a possible avenue to homeownership. The subprime mortgage — an alternative route to homeownership — has been closed and will stay closed indefinitely.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
