· Gary Klein, (2) of the law firm Roddy, Klein and Ryan, sought class-action status for his suits this summer against Bank of America Home Mortgage and Wells Fargo Home Mortgage, saying that hundreds of Massachusetts borrowers ultimately will be unable to afford their mortgages. A decision on class- action status is pending.
· Source: Vegas men arrested in alleged mortgage scam against elderly. For the Nevada Attorney general press release, see Attorney General Announces Arrest In Connection With Mortgage Scam Against Senior Citizens.
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In a rent-to-own, the buyer agrees to pay market rent for the house as well as a premium or an "option fee." Lenders will not rewrite mortgages if the homeowner offers a rent-to-own contract. In some situations, a rent-to-own contract may allow the tenant to make mortgage payments in lieu of rent.
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Our unique Rent to Own Program allows you to lease and occupy a home while at the same time you build equity towards the purchase of this home. At the same time you start saving enough money for your mortgage down payment with the goal to own this home over a predetermined period of time.
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For original post on this story, see Florida Cops Arrest Alleged Ringleader In Mortgage Scam That Duped "Rent To Own" Tenants, Straw Buyers, Lenders. rent to own lease purchase option scams yellowstone
Another rent-to-own condo option available in Mandaluyong is one that is located in the city’s EDSA-Boni area. It should noted, however, that no two rent-to-own transactions are exactly the same and buyers well advised to carefully choose the options that best suit their needs and financial capacity.
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