Christina's answer missed one point I believe. It appears to me that the reason you might want a lease-option is that you do not have sufficient money to handle the bank purchase. If this is the case, I believe the rest of Christina's answer may be for naught. There are many agents that can indeed help you with the "basic stuff", but you will not be able to convince a bank to let you option a property. The financing institution’s goal with their REO's is to get properties off their books. In fact if the truth be known they really wanted someone to buy the properties at the public foreclosure auctions. Keep on thinking of ways to add new dimension to your desire to own properties. That is the entrepreneurial spirit that has made America great!
Good luck Orlando...... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: firstname.lastname@example.org
Jan 17, 2011