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Real Estate


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November 3, 2008

New option in housing: Rent to own

  • There are pros and cons for both buyers and sellers.
    • By J.W. ELPHINSTONE
    AP Real Estate Writer

    Not quite an owner, but more than a renter: A lease-to-own agreement is a bit like housing purgatory.

    But the arrangement is increasingly popular today because more sellers are having trouble unloading their homes in the real estate recession and plenty of buyers can't get a mortgage because skittish lenders are cutting back on making loans.


     
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