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It turns out that many tenants who enter into rent-to-own agreements end up unable to buy the house at the end of their lease for the same reason they were unable to buy before: they still don’t have the credit rating, the income, or a large enough down payment. At that point, the seller walks away with a great deal of extra cash toward his mortgage and the tenant ends up with nothing.
The legal controversy surrounding rent-to-own transactions has centered primarily on the question of whether the transaction should be treated as a lease or a credit sale. The industry has contended that the transaction is a lease;[17] while consumer advocacy groups have advocated for the transaction to be treated as a credit sale. As of 2011, forty-seven U.S. states, Guam, Puerto Rico, and the District of Columbia have passed laws characterizing the transaction as a lease.[18] Of the five U.S. state supreme courts that have addressed the question, three (Massachusetts, Arkansas and Maine) concluded that the transaction was a lease.[18][19][20] New Jersey and Minnesota concluded it was a credit sale based upon those states’ credit laws.[21][22][23] A federal district court in Wisconsin also found the transaction to be a credit sale under Wisconsin state law.[24]
I have seen many people find a home with a Realtor, get to the 11th hour and then be told by the mortgage people that there is a “blip” on the credit that will not allow them to close. Never happens with Rent To Own, since I am the bank and property owner, their cash allows them to live as if they are buying and over time, the credit improves as they pay me to live in the house. Sure my interest rate is 7% versus another bank, but I have more risk with this person, as their credit is not as good.
So, it’s true. All the reviews I’ve been reading about XAP CREDIT SOLUTION is true, I had a very low credit and evictions on my profile, I couldn’t get a house, I applied for a mortgage and auto loan but I was denied due to my bad credit score and the evictions. I tried various processes and procedures but they all came to naught. I read a comment by one Keisha Michaels on trulia about XAP, though I was skeptical but for some reasons I texted them, and we got started, after 3 days I started noticing some changes, in 8 business days my credit was totally new. It’s unbelievable but that’s what it is. I would really like you to contact them its for your own good. Write them on [email protected] or (972) 597 9704.
A rent-to-own agreement allows would-be home buyers to move into a house right away, with several years to work on improving their credit scores and/or saving for a down payment before trying to get a mortgage. Of course, certain terms and conditions must be met, in accordance with the rent-to-own agreement. Even if a real estate agent assists with the process, it’s essential to consult a qualified real estate attorney who can clarify the contract and your rights before you sign anything.
I got introduced to ICON CREDIT REPAIR last month by my friend Emily. Because My husband and I were trying to find the best way to fix our credit so we can buy our first home. We contacted him without hesitation and to our greatest surprise our credit was cleaned up really quickly and score rose to 760 and 785 respectively. Finally our dream of owning a home has been accomplished. If you want to fix your credit score real fast then don’t hesitate to contact via [email protected] or text +1(631)290-6402 this is the surest way to get your credit fix.
I was willing to do anything, I knew needed a high FICO score. I toiled all my life and was not going to blow it because of a low credit. I needed a house, a car and a loan to boost my business. After I was denied a house the real estate agent introduced me to a XAP CREDIT SOLUTION, she told me that they have been helping her clients with credit issues. Without hesitating I contacted them. They repaired my credit, it’s as good as new. Things are getting better, I have better chances of achieving my dreams. If you have issues with your FICO hurriedly talk to XAP. their effort is massive and effective. [email protected] or (972) 597 9704 that’s their contact. God bless them.

After paying off all my bills on my report they were still reflecting on my credit reports which was really frustrating, I bumped into this blog and I saw the wonderful testimonies of people helped by Mr Zeek and his team, I did use his services also, all the negative reports are now gone and also increased my credit scores to 785+ on all credit bureaus. Thanks to whoever has referred this wonderful credit repair out here for more people to know the easiest cut corner means of fixing their bad credit scores. Contact [email protected] or text (707)-500-1675.
About this time last year, I was in a terrible situation. My credit was not good, my FICO was 500, I had late payments and collections on my credit profile. I also had an auto loan which I was still servicing, my uncle made me understand that a hacker could help me, he introduced me to this group, XAP CREDIT SOLUTION. In 2 weeks changes were made, my score skyrocketed to 790, all the late payments were marked as on time payments. Negatives and collections were blotted out. Things are better and I hereby give them a 5-star rating. Here’s their contact information for those interested [email protected] or text (972) 597 9704. Thanks.

Think about it, what if you were able to pick an area that you would like to live in but may not be able to afford right now or just no ready to make that big purchase. With the Rent to Own process, you can get into that house without the 30 year commitment. You can even have a portion of the rent credited to the sales price or closing costs, that’s instance equity at closing for you.

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