Is myrealtydeal.com a scam?
I am looking to buy a rent to own home and I am not sure if the services out there are reliable. They charge a service fee to look at their listings and help you get into a home by taking over payments on a foreclosed home. The benefit is that I have horrible credit so it would help me get into a home with out the hassles of the credit check (as far as they have told me). I just don't want to get scammed. Does anyone know if they are reliable? The specific company I am dealing with now is myrealtydeal.com, I called them and they refered me to the website.
Comments
One note:
Rent to own is never a good idea.
You pay extra for that "own" part.
If you are late in a payment 5 years down the road, the property owner can kick you out and you are out your money.
Also if you don't keep up the property, they can let you go - you don't get your "own" part back.
And what if the current owner gets foreclosed on, or goes out of business - again - you are out your money.
My VERY best advise - rent - it will be cheaper.
Save the "own" extra payments on your own to someday buy a house.
Just a couple of days ago there was a lady on here that got kicked out after 7 years of those high payments.
My advise to her was - get a lawyer, but I am sure she is out 7 years worth of extra payments.
That could have made a nice down payment on a beautiful house for her.
The company has a D rating with the BBB.org
http://www.la.bbb.org/GIReport.aspx?NewsID=260
After reading the online complaints I can't help to wonder -
Why is it that the people in most need - always seemed to get scammed.
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