Too Good To Be True Rent To Own Ads Making The Rounds On Craigslist?

In San Francisco, California, NBC Bay Area reports:

• The latest round of "too good to be true" offers are making their round on Craigslist in the form of rent to own ads. The postings offer the homes far below market rate and claim you can "take over the mortgage." Recently a one bedroom condo in Saratoga was posted on Craigslist for just $350 a month. The advertisement said the home was in foreclosure and a tenant could become the owner by taking over the monthly mortgage.

For more, see The Craigslist Deal That's Too Good to Be True (Rent to own ads are not all they are cracked up to be).