Foreclosed homes for rent-to-own listings now featured on Foreclosure.com

Foreclosure.com today announced that it recently added thousands of foreclosed homes for rent-to-own properties to its industry-leading, nationwide database of more than 2 million distressed real estate listings.

To search for potential foreclosed homes for rent to own in your area visit http://www.foreclosure.com/rent_to_own today.

Foreclosure.com already offers the most comprehensive, accurate and current collection of preforeclosure, short sale, foreclosure, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes and tax lien listings in one convenient location.

Adding foreclosed homes for rent-to-own properties, according to company Vice President James Houston, was a natural progression that reflects a shift in the ever-changing housing market.

“Buyers, who are predominantly watching their wallets closer than ever, as well as financial institutions, which have tightened their lending requirements significantly, are all super cautious right now,” said Houston. “Renting foreclosed homes with options to buy them at later dates is the best of both worlds: Buyers aren’t locked into long-term, expensive contracts and banks don’t have to worry about a glut of defaults.”

Houston adds that the renters of foreclosed homes also have time, which all depends based on the individual agreements, to “test drive” communities and neighborhoods, all the while putting dollars toward a potential purchase. It also helps revitalize foreclosure-ravaged homes, which can often drag down surrounding property values if left in states of disrepair.

“Foreclosed homes for rent is one of many bridges that will get the housing market on the road to correction sooner rather than later,” said Houston. “And, because our listings are bank-owned with options to buy, renters don’t have to worry about having their homes sold from underneath them.”

To search for potential foreclosed homes for rent to own in your area visit http://www.foreclosure.com/rent_to_own today.

Comments

  1. Lisa says:

    I was intrestead in a home for lease with option to buy at a later date. I was wanting information on properties in the Houston, Texas area.

    Thanks,
    Lisa

  2. cheikita says:

    I am a florida resident looking to rent to own a home in the kissimmee area off pleasant hill rd. area code 34746

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