Real Estate

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Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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http://www.HomeChannelTV.com —
Chicago, IL: Library Tower Condos from the mid $200’s by Lennar offer unique loft style residences. You’ll love living in a brand new building boasting luxurious amenities and a superb choice of residences at Library Tower. You’ll find yourself a short walk from the heart of Printer’s Row, the Loop, Michigan Avenue, the Theatre District and stunning Millennium Park. Library Tower is also just 326 yards from the Metra Train Station, for your convenience. Every home is a Lennar signature – “Everything You Want, Everything You Need” home with the most desired high quality features and upgrades already included.

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Facts and useful information on new condos opportunity at the heart of the Marina Mazatlan, for the investor. Visit Puntamarina Condos www.puntamarinacondos.com Beach Condos for sale in Mazatlan – Puntamarina Condos is a 20 new condominiums complex with a privileged location at heart of the Marina at Mazatlan, Mexico. Luxury and exclusivity in Mazatlan, the Pearl of the Pacific. An excelent investment opportunity in Mexico Real Estate, a retirement option in a cruising community.

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http://www.prodigynetwork.com/
http://prodigynetwork.com/

Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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This Toronto Loft is available for sale.

Contact:

Yossi Kaplan, MBA
Specializing in Condos, Lofts, Investments and New Developments
Harvey Kalles Real Estate Ltd., Brokerage
416.441.2888 x 678

www.UrbanRealtyToronto.com
www.PortMcNicollRealEstate.com
www.CityVIP1.com

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http://www.CreativePurchase.com

Condos for sale in San Diego

Rent-to-own home leases becoming more popular
Lease-to-own agreements risky for owners, tenants
By Paul Owers | South Florida Sun-Sentinel
January 19, 2009
In South Florida’s depressed housing market, some people are taking a wait-and-see approach by renting with an option to buy later.

Leasing is still more common with cars, but the concept is spreading. Sellers are willing because they’re struggling to unload their properties, and a rent-to-own contract brings in cash. Prospective buyers also are game because credit is tight, and they can build equity while they take time to qualify for mortgages.

“With the economy, I think we’re going to see this all through ‘09, unfortunately,” said Perry Diamond, a Boca Raton real estate agent with Lang Realty who sets up most of his residential listings as leases to own.

In a typical deal, the renter agrees to buy the property for a specific price at a later date. The renter makes a nonrefundable deposit, and the seller puts part of the rent money toward the down payment. Still, there are risks for both sides.

“In the right circumstances, it can work,” said Stuart Kapp, a Boca Raton real estate lawyer for the Proskauer Rose law firm. “But problems can arise over time that no one anticipated that create friction between the buyer and the seller.”

Krystal Financial & Real Estate Services in Pembroke Pines screens prospective buyers and pairs them with sellers who don’t mind renting first. Poor credit doesn’t necessarily disqualify a potential buyer from the firm’s lease-to-own program.

Dwainette McKenzie lost her Sunrise townhouse to foreclosure last year. But then she heard about Krystal, which found her a house to rent and will help her get her financial footing so that she can eventually buy the property.

After looking at about 25 houses, McKenzie, 43, settled on a four-bedroom Miramar house. She pays $1,900 a month in rent and has agreed to buy the house this summer for $390,000. At that time, the seller will credit her 3 percent of the sale price, and McKenzie said she’ll spend that money on closing costs.

“I couldn’t qualify for a mortgage any other way,” McKenzie said.

Many buyers in today’s housing market are hamstrung by financing, even if their credit is good. For those people, a lease-to-own contract makes sense, agents say, but it’s not something they should enter into halfheartedly.

“If the buyer changes his mind, he loses the money,” said Richard Wright, Krystal’s broker-owner. “You’re buying a house. This is not a T-shirt.”

But some real estate observers don’t consider rent-to-own a viable option, particularly in a market in which prices are steadily dropping.

“If you’re a buyer, why would you want to lock yourself in at today’s price when it might slide 10 percent more?” said Brian Boles, a real estate agent in Delray Beach.

Bob Bollon of Lighthouse Point didn’t let sagging prices deter him from selling his Boynton Beach house through a lease-to-own deal.

The buyer agreed to a $500,000 sale price and put down a $10,000 deposit. After nine months, Bollon and the buyer settled on a $465,000 price because the value had declined.

In a perfect world, Bollon wouldn’t have needed to go the lease-to-own route, but he said buyers are in short supply, and sellers must be willing to compromise.

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Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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http://www.prodigynetwork.com/
http://prodigynetwork.com/

Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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http://www.prodigynetwork.com/
http://prodigynetwork.com/

Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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http://www.prodigynetwork.com/
http://prodigynetwork.com/

Real Estate investment opportunities, we are the largest with our specialized database of foreclosures, REO, auctions and bank-owned homes in Miami, New York for investors, buyers and sellers. Use Prodigy Network to find condos for sale, condominiums, rent to own, apartments, rental, mortgage and more.

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