Sunday, August 31, 2008

Anxious Seller Tries "Rent To Own" Approach To Unload Home; Ends Up Getting Stiffed & Now Faces Foreclosure With Trashed House

In Springfield, Massachusetts, WGGB-TV Channel 40 reports:
  • Finding a buyer in this housing market is tough. So Springfield homeowner Rosemarie Rosado decided to try a rent-to-own approach. [...] She took the appropriate steps and drew up a legal agreement. For about six months the buyers paid their monthly fee. That stopped three months ago. Rosemarie had no choice but to evict the family. When she got inside her home again she found it trashed. [...] Rosemarie is now facing foreclosure again.

For more, see Rent To Own To Foreclosure (read story) (watch video).