Here’s how they work, along with what you should consider as a potential buyer or seller under this type of contract. A lease purchase agreement—also known as a rent ... free to set their own ...

Alternatives such as rent-to-own and contract-for-deed transactions make homeownership possible for those who may not meet mortgage-underwriting standards. [Read: What New Mortgage Rules Mean for ...

But experts say there are steps sellers can take to incorporate safeguards into the rent-to-own contract. According to Les R. Kramsky, a real estate attorney in Marlboro, N.J. and general counsel ...

Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free ...

But for those who have bad credit or are low on cash, there is an unregulated market that attempts to turn renters into homeowners — rent-to-own residential contracts. On Tuesday, affordable ...

Alternatives such as rent-to-own and contract-for-deed transactions make homeownership possible for those who may not meet mortgage-underwriting standards. [Read: What New Mortgage Rules Mean for ...