Posted by JoeA on July 18, 2007 at 06:46:02:
Yes. The tenant/buyer can refinance the home and take ownership, as long as there is evidence of the lease option agreement dated 12 months ago, provide the purchase agreement, 12 months cancelled checks for the rent, and have the LTV at or below 80%.
This is done all the timem and I can help you structure this.
How can I Refinance a Lease Option ??? - Posted by Rami
Posted by Rami on July 17, 2007 at 10:24:40:
Good day and thanks for taking the time,
I have come across this problem with this investment property i have.
I had signed a lease option agreement with the current resident of the single family house and he has been living there for about 2 years now. He now would like to buy his house back.
I want to Refinance the property i own now under the current resident’s name and remove myself from any legal obligations. How would i be able to accomplish that???