The Home Equity Theft Reporter: Florida Cops Arrest Alleged Ringleader In Mortgage Scam That Duped “Rent To Own” Tenants, Straw Buyers, Lenders

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 · 366 Responses to Arizona “Minister” forecloses on 23 homes. The investigation in this case was conducted by the Internal Revenue Service, Criminal Investigations Division and the FBI. The prosecution is being handled by Kevin M. Rapp and Monica B. Klapper, Assistant U.S. Attorneys, District of Arizona, Phoenix.

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Search homes you can rent to own! Enter ZIP or City, State. Rent to Own In the News: "One of the unique aspects of a lease option is the potential offer for putting no money down upon — J Guttentag, Mortgage Professor. "Lease-to-own. (is) simply a response to the local housing market and credit.

Yes, rent to own homes are a real opportunity for people who need help with or time to save up a down payment. Rent to own, also known as lease-option and lease with option to buy, gives tenants time to build their credit to qualify You’re building up equity through rent credits and your option fee.

5 days ago. Mortgage Fraud and Real Estate Fraud.. The defendants also used straw buyers to obtain home loans under false pretenses and defraud.

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Rent-to-own allows you to build equity from the rental credits and also yo grow equity if the value of the home increases above the purchase price listed in the contract. However, until you choose to exercise the purchase option provided by the contract, you are just renting the home.

Beware of a rent to own scam. Such scams are growing in popularity and they are designed to steal your money. The concept of rent to own is a great idea, especially if you’re trying to be a homeowner again after foreclosure.