August 2, 2015 Comments Off on Lenders Offering More Rent-To-Buy Residences Views: 570 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.


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