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Leasing with option to buy

This is a discussion on Leasing with option to buy within the Mortgage Talk forums, part of our Mortgage Chat category; We have just found someone interested in leasing our now going through a foreclosure store. In order to stop the ...






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Old July 15th, 2008, 10:12 AM   #1
Mike
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Join Date: Apr 2008
Posts: 1,498
Default Leasing with option to buy

We have just found someone interested in leasing our now going through a foreclosure store. In order to stop the foreclosure we need to charge a $25,000 down payment in this deal. Is this normal? The purchase price would be 199,000 so after a deposit it would be like 175,000 how do you go about making sure that thier payment to you covers your mortgages and matches to the end? Any info on leasing with option to buy would be greatly appreciated. I need to get back to this person soon!
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