OfflineMy husband and I are just starting out, we have read the books, and are anxious to get things going. We are like most others, no money and no credit. We are full of enthusiasm from reading the different posts. I hope this is not a stupid question, but is it possible to do a LO with a bank? If so, what would be the procedure? Thanks for any info and encouragement you can give us. We will make this work.....we have to!!!
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Can't believe that I haven't gotten a single response. I guess it really was a stupid question. Well, we won't give up....we will keep going until we figure this out and make it work!!!
Got to give it time for people to respond
There is no such thing as a stupid question; just stupid people who ask questions(thats a joke to lighten up things)
By LO I assume you mean 'lease option' then I would have to say absolutley not. I could be wrong, but I doubt it.
Banks are not re management firms of landlords; they need those hames off their books pronto and holding onto them and collecting rent is not the way
Contact a bank and ask for their REO department; they might pre-screen you and then refer you to their website for their homes but its worth a try
There are options. Keep us posted