Lenders Get Bailed Out While Lendees Left Homeless - What To Do?

Are you concerned about the effect today’s economy is having on the American Dream of home ownership?

Great homes are just sitting on the market and many great buyers are unable to get financing – everything sits stagnant and millions now have credit issues – while those who acted irresponsibly have been bailed out.

Did I get this right?

Lenders loan to home owners irresponsibly, lenders crash the housing market, millions walk away from upside down homes and/or file bankruptsy, those millions and more bail out the lenders, who now won't lend to those they made homeless.

How fair is that? I guess in today's fragile economy, fairness doesn't have much to do with it.

One solution is the rent to own option. If sellers can wait for their house to close while buyers correct their credit issues, mortgage payments can be met and buyers can be establishing residential and employment history.

Rather than leaving homeownership for the fortunate few, many can have a successful home transaction by renting to own.

Rent to own buyers and sellers can do the transaction on their own, but there is help available.

Property managers, real estate agents, real estate lawyers and rent to own programs are available and each should be evaluated on their own merits as to if they are good options for your situation.

Look into the rent to own option carefully to determine if this could be a good solution for your situation. Being aware of potential pitfalls will help to avoid them and make your rent to own home sale a successful transaction.