What is a Lease Option Foreclosure?

A lease option foreclosure allows people with poor credit history to purchase real estate. Some scenarios even allow the purchase without a down payment.

This is a great option for individuals who are buying real estate but need a few years to repair their current credit issues. Individuals can rebuild their credit by making regular lease payments, on-time, which allows them to apply for a traditional mortgage after the lease option agreement ends.

Homeowners can lock in home prices right away, a huge benefit if their home value increases dramatically in the next few years.

Why Would I Want a Lease Option Foreclosure?

  • Allows extra time to repair any outstanding credit issues.
  • Home price is secured, which protects against significant market increases in the future and peace of mind knowing that you can purchase the home in the future.
  • Individuals may still be eligible to purchase the home without qualifying for a traditional mortgage.
  • Prevents households from moving; they can initially rent and later purchase their home.

How Can KC Foreclosure Help?

KC Foreclosure provides expert advice so that you are well informed when dealing with a lease option foreclosure. We offer valuable guidance on restoring your credit and give you the best opportunity to purchase your home.

Our professionals will advise you on the best options available to you if you don’t qualify for a traditional mortgage. We employ foreclosure experts who can help you plan and save for a down payment to purchase your home.

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