Attorney General Todd Rokita warns Hoosiers of dangers of rent to own
Many Hoosiers dream of buying a home but may not have a good credit score or enough savings for a down payment to take a traditional loan. So, what if a landlord or a company offered the chance to eventually own the house you are renting? Be aware, while rent-to-own may be a feasible option, it is not always as sound as renting or buying a home. Rent-to-own deals may have more than one catch. “Some companies may look to take advantage of individuals who don’t qualify for a traditional loan, but do not want to rent forever and want to achieve the American dream of homeownership,” Attorney General Todd Rokita said. “Our office is committed to making sure
