While this is not a Rent-to-Own listing, Owner Financing may be available, in which case you (the buyer) would not need a bank loan to purchase the home. Because of this, Owner Financing offers many of the same benefits provided by Rent To Own. This ...
This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling ...