August 2, 2015 Comments Off on Lenders Offering More Rent-To-Buy Residences Views: 488 Bay Area, California News, Connect Classroom, Inland Empire, Los Angeles, San Diego

Lenders Offering More Rent-To-Buy Residences

The rent-to-buy housing market is apparently back. Since most Americans can’t pass a lot of lending requirements to buy a home, more firms are renting to residents until they are able to afford to buy the property.

A former Goldman Sachs executive started the fastest-growing firm in this sector, called Home Partners of America, and had real estate mogul Sam Zell as an advisor. Additionally, private-equity group BlackRock gave the firm $500 million.

Rent-to-own housing was popular in the 1990s, and the sector was not as active right before the recession, when firms had less lending criteria for home buyers.

Read More at WSJ.com

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