In today’s unpredictable economy, with gas prices, health insurance premiums, utilities and mortgage foreclosures all hitting record highs, we state from our professional and personal experiences with utmost confidence that the “rent to own” process is bar none the best avenue for anyone to purchase, sell or invest in today’s real estate market.

THIS IS HOW OUR RENT-TO-OWN PROCESS WORKS:

The future homebuyers (sometimes also called tenants) first pay a nonrefundable option fee that will be applied to the final purchase price of the home. The homebuyers/tenants will then begin paying the person selling the home (or landlord) a monthly fee (rent) to live in that particular property for a contracted period of time (lease). In many cases, part of the monthly rent will be applied to the down payment or final purchase price of the home.

At any point during the lease (usually a twelve to thirty-six month period), the homebuyers can purchase the home from the seller (landlord) for the amount both the homebuyers and seller originally agreed upon.

A “rent to own” scenario is perfect for people who want to stop throwing their money away month after month by renting an apartment or house, and start building equity by purchasing a home of their own. A “rent to own” scenario is equally perfect for people who are selling their property, as they will secure a “top dollar” final sale price, and potentially pocket more money by avoiding realtor commissions.

Lost My Debt.net, LLC, serves Northern California's Rent To Own needs. We specialize in properties in the following communities: Sacramento, Elk Grove, Fair Oaks, West Sacramento, Carmichael, Folsom, Auburn, Rocklin, Lincoln, Roseville, Rancho Cordova, Granite Bay, and surrounding areas. 

Frequently Asked Questions


Q: What is a Rent to Own Transaction?
A: A Rent to Own transaction is a real estate agreement which is composed of a rental lease, an option agreement and a purchase agreement which the tenant has the option to purchase the property at a fix price at a specified point of time in the future.  The borrower pays an option fee which is generally 2-3% of the price, which is credited to the purchase price. Also every month a portion of your rent payment applies towards the future purchase price.

Q: What is a rent credit?
A: A rent credit is a portion of the monthly rent payment that comes out of your rent every month to apply towards the future purchase price.

Q: What is an Option Fee?
A: Option fee or otherwise known as option consideration are the funds paid at the closing that apply 100% towards the purchase price of the home, this is the financial commitment a tenant/buyer makes to purchase their new home similar to buying a home with conventional financing, without the hassles of getting financing with the difficult financing guidelines today.

Q: What are the advantages of a rent to own transaction?
A: There are several benefits to purchasing a rent to own home, one of the main factors is in today’s economy it is very difficult to get approved for conventional financing to purchase a home. With a rent to own transaction this gives you time to fix your credit and be able to qualify for a mortgage.

Q: "My Credit is terrible; will I still be able to qualify"?
A: Yes, our rent to own program is not based on today’s credit, this gives you time to repair your credit with our Money Back Guaranteed Credit Repair and Restoration Program; and work on qualifying for financing to qualify in the future for your purchase price you are in contract for. Our mortgage professions team will determine what purchase price you will be able to qualify for based on your financial situation.

Q: I am in the process of going through a foreclosure; can you still work with me?
A: Yes, we work closely with a full service real estate company who can assist you in this process to help you with a short sale on your property instead of going through a foreclosure so your credit will not be impacted as severely and we can help you qualify sooner for financing for your rent to own home. During this process we will work with you to get you moved into one of our rent to own properties. You can talk to them here: www.lostmydebt.net
 
Q: How can LostMyDebt.net help me find a rent to own home?
A: We update our websites daily and once we know what you are looking for we can assist you in helping you find the home of your dreams. To get started, email us at: info@lostmydebt.net your information and the criteria for the type of home you are looking for so we can get started working with you today.
 
Q: Where are you located?
A: We Service Northern California serving but not limited to the following communities: Auburn, Lincoln, Roseville, Rocklin, and Granite Bay.