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To: Trust but Verify
I am currently in the situation of having a home with a mortgage in one state and a job and a rent to own agreement in another. This is likely to catch us in a tight spot due to there being no buyers. Plenty of lookers but few buyers. We are thinking doing a rent to own deal with the house we have a mortgage on.

I think this will make a lot of people landlords and renters at the same time. We will rent out the house we have mortgaged and be renting a house that someone else has mortgaged. If a lot of people are put into this situation I can see things getting real messy real quick. One renter not paying rent for too long and a domino effect may occur.

28 posted on 06/10/2011 8:32:37 AM PDT by Angry_White_Man_Syndrome
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To: Angry_White_Man_Syndrome

I sympathize with you. We are not homeowners and have never been, even though we could easily afford to own. Up until recently, people always looked at us like we were crazy. Not such a crazy idea anymore.


69 posted on 06/10/2011 10:37:07 AM PDT by Trust but Verify (Let's party like it's 1773!)
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