Lease Purchase Deals and the Foreclosure Procedure

Lease Purchase is also known as rent to own because the rent amount paid by the tenant to the homeowner is deposited as a part of total cost. This amount paid by the tenant to the homeowner is also called Option fee. This Option fee will have the two parts, one of it will be the rent and the other will be considered as the deposit to reduce the final purchase price. The tenants in these transactions are also called the Lessees. Lease Purchase has become the trend of the current real estate

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