Lease Option
if you do a lease option with a home you own.say
purchaserputs down 5k ,and your putting 100 amonth toward purchase.when buyer goesto finance..how does buyer prove 5k down if investor has spent that money?receiptt or will there bank want more profe?also what about the 100 $ a month over 2or 3 years?
The lender will want to see a bank deposit to show the down payment, but you can make things even easier by photocopying the front and back of the cashier's check or money order. The rental credit just lowers the sales price.