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

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? ThanksHow does the sub prime mortgage crisis in the USA effect BUYER's desire for a rent to own type home purchase?
Well, lease options are a viable option for many these days because it's more difficult to get credit. I found interesting information about your answer here. (mortgage opportunitty refinancing )

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Good luck!How does the sub prime mortgage crisis in the USA effect BUYER's desire for a rent to own type home purchase?
Very indepth question young grasshopper allow the real estate zen offer you some valuable insight...

There are many variable to that would go into that question however in general on the broad scope of the country when lenders tighten their belt and home property values drop rents go up. People walk away from the debt because there's no use paying into something that will be a loss especially when they have ARM mortgages therefore independent investors step in. Because of course rents go up so yes there will be more opportunities for seller financing however keep in mind most of those will be limited to professional investors not the guy with a little bit of money who bought a home last year to become rich. He'll be one of the people walking away from the debt. For more info visit platinumreic dot com.
Lease options are a viable option for many these days because it's more difficult to get credit. Best reports say that 10% to 23% of the subprime mortgages will end in foreclosure. The flip side of that is 77% to 90% won't. That means that there is a large segment of the population that, is in fact, able to handle a mortgage and they will now be unable to do so due to tighter restrictions. With a lease option, you also don't have to worry about depreciation because you do not have to exercise the option at the end of the lease. If the house has no equity you can merely walk away. Smart investors see this trend and are providing a much needed niche in the current market.



Lease options are a great opportunity for both investor and buyer/tenant in a market that is not conducive to traditional thinking.
There will be a lot more houses on the market that are rent-to-own because people can't get loans these days and therefore sellers can't sell.

Be careful - if you have lousy credit %26amp; don't clean it up before the lease is up, you'll lose your deposit when you can't get a loan.

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