Property Rentals
MORE ON SELL AND RENT BACK CONTRACTS
In the financial crunch that affected the United States, many people found themselves selling and renting back their homes since they had fallen back on the mortgage payments and they had to prevent foreclosures on their homes. These sell and rent back schemes are an extra package offered by the same mortgage companies to prevent people from losing their homes. In such a situation, a valuer is hired to value the home and the company buys it for about 70% of the market price, and then rents it back to the owner who may buy the same later if they so wish.
