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Companies who buy your house and rent it back to you

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    Companies who buy your house and rent it back to you

    Anyone have experience with these? I have heard from a very reliable source that there is a very small company here in my area that does this - specifically for those in BK and/or foreclosure. I did a little research into BBB and on our Secretary of State and they seem on the up and up - the owner also has two other real estate related businesses that are also on the up and up as well.

    #2
    We actually spoke with several of those companies last spring before we took the plunge to paint and fix up for sale. Not one came close to the true market value of our home. And you gotta figure, they are in the business to make money.

    It won't hurt to chat with them and see what they are willing to offer. It may be enough for you to get you what you need on the mortgage and allow you to continue living in your own home.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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