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Old 05-24-2009, 12:28 PM
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Join Date: May 2009
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Default with today's economy is it better to get a

foreclosure or an average-priced rent to own home? My husband and I are a very young couple and just had a baby and just as many other families are tending to do, we are trying to save a bit of money wherever possible. We have been currently renting an apartment and our lease will be up in August but we have decided we'd prefer to use money wisely to go towards a temporary house for a few years. But, we are a bit unsure on whether it's better to see if we can do a rent-to-own payment with a foreclosure versus getting a regular home rent-to-own since most foreclosures want a regular mortgage payment we cant afford?As of right now and since last September my husband has been the only one working and we've been managing well but I wll be soon working again. We both started with no bills and both have some bills we have been paying on..hopefully we'll have a good bit of credit established.
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