April 24, 2008
In todayâ€™s difficult times, owning your own home is one of the most important aspects on oneâ€™s life. It takes a lot for you to be able to gain ownership of a home and itâ€™s even more difficult to be able to repay your mortgage in a timely manner for its tenure. For whatever unforeseen reason or circumstances if you are unable to continue with the repayment of your mortgage, very soon the bank in question will visit and youâ€™ll face the bitter foreclosure truth.
If you are in such a situation, you can always choose the sell house fast rent back option. What this does is ensures that you still have an option. The concerned realtor will buy your home and deal with balance mortgage payment. As far as you are concerned, you can rent back the same property. This way you can avoid relocating and also get another chance in life to own back your home in due course of time.