The nation’s banks own more than 600,000 single-family homes. They have created a 0 million fund to buy foreclosed homes in bulk and rent them out. In a marketing document for one of its funds,
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You must ask the seller if the home could be rented for cheaper without the rent-to-own option. Usually this is the case, because most mortgage lenders only allow the down payment accrual to be a sum that’s above the local market rent. So in this example, not having a rent-to-own option might mean your rent is $1,200.
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