Sentences with phrase «future homeowners default»
If the future homeowners default or back out of the rent to own agreement, you still receive the initial rent to own option fee, monthly rental income received and the rent premiums during the time frame they lived in the home.
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It is open to homeowners who have already defaulted on their mortgage loans, as well as those who are at risk of defaulting in the near future.
It stands for Homeowners Armed With Knowledge and, via the program, the FHA aims to give its home buyers access to counseling and education which it believes will reduce future FHA loan defaults.
It is open to homeowners who have already defaulted on their mortgage loans, as well as those who are at risk of defaulting in the near future.