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What does this verbiage mean in regards to buying a home that is rent to own?
04-28-2014, 06:26 PM
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Jennifer K Offline
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What does this verbiage mean in regards to buying a home that is rent to own?
I'm part of a Facebook group that lists homes for sale/rent. A woman listed the house "For Sale" and a guy asked her if she would rent it out & this was her response:

Yes, first and last month's rent as nonrefundable deposit with 12 month to buy term.

What does this mean exactly? Are they expecting the home to be paid off in only 1 year? If not how could you find out what the payments might be when the home costs $130,000? Thank you in advance for your time! Smile
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What does this verbiage mean in regards to buying a home that is rent to own? - Jennifer K - 04-28-2014 06:26 PM
[] - A Hunch - 04-28-2014, 06:33 PM
[] - Bob - 04-28-2014, 06:40 PM

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