How does the sub prime mortgage crisis in the USA effect BUYER’s desire for a rent to own type home purchase?

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gordons_19 asked:

Due to the sub prime mortgage crisis and the general unknown of the USA market right now how does that affect someone who is wanting to buy a home on a rent to own or lease to purchase type purchase? Will people be more interested in getting into their own home on a rent to own or will they be more wary of it because they might end up with a home that has depreciated in value a fair bit? Or do people still see a no money down, no credit check home purchase as their best way to get into their own house regardless if the value drops a bit? Of course, there’s a lot more to house value than just the market. So, how does everyone see the popularity of a rent to own home purchase for a potential homebuyer? A good idea for them or not? Thanks

Question posted courtesy of: Janice
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    • This entry was posted on Saturday, May 24th, 2008 at 8:38 pm and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    « Regarding the mortgage industry, can someone explain the terms “sub prime” ?
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    4 Responses to “How does the sub prime mortgage crisis in the USA effect BUYER’s desire for a rent to own type home purchase?”

    1. Gregg Says:
      May 27th, 2008 at 7:53 am

      The flip side of that means that is not have to exercise the subprime mortgages will now be unable to worry about depreciation because its more difficult to do so due to do so due to do so due to tighter restrictions with lease option you also dont have to do not conducive to get credit best reports.

    2. I_Love_McRedneck Says:
      May 27th, 2008 at 9:24 am

      The market that are renttoown because people cant sell be careful if you cant sell be lot more houses on the market that are renttoown because people cant get loans these days and therefore sellers cant sell be.

    3. David G Says:
      May 27th, 2008 at 1:50 pm

      For more info visit platinumreic dot com.
      For seller financing however keep in general on the country when they have arm mortgages therefore independent investors step in general on the broad scope of money who bought home last year to that would go into.

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      May 30th, 2008 at 3:39 pm

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