Homeowners Beware of Risky Lease Deals
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Description
Adrian Goldberg investigates a new type of property deal that experts warn is highly risky. People struggling to sell their home are being approached by investors who want to take...
show morePeople struggling to sell their home are being approached by investors who want to take a 'lease option' on their property - the would-be sellers agree a price that the investor can buy the house at, at a future date, and the investor agrees to cover the mortgage payments in the meantime, so the owners can move out and move on.
It could be a win-win situation, but experts warn that this is an unregulated area and sellers could end up losing out - and even losing their home.
Information
| Author | BBC |
| Organization | BBC |
| Website | - |
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