Facebook shares sink 11 percent as reality overtakes hype(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday … More »Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq …
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SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion …
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NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using …
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SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...
Flurry of arguments start Gupta insider-trading trialNEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading … More »Flurry of arguments start Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. The defense punched back that the government had no direct evidence. Gupta, 63, once a boldface …
U.S. lawmakers frustrated in Wal-Mart corruption probeWASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer … More »U.S. lawmakers frustrated in Wal-Mart corruption probe
WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. Attorneys for Wal-Mart briefed the committee earlier on Monday about the company's …
Insight: Morgan Stanley cut Facebook estimates just before IPO(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, … More »Insight: Morgan Stanley cut Facebook estimates just before IPO
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- Some investors still await confirmation on Facebook orders
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NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, …
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SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money. Facebook shares fell 11 percent …
- Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation … More »Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation to Ireland to save on taxes. The deal, Eaton's biggest ever, will allow the company to offer a broader range of electrical …
- Nasdaq announces plan for unfilled Facebook orders
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NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority …
- Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares … More »Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut …
Barclays to sell $6.1 billion BlackRock stakeLONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. … More »Barclays to sell $6.1 billion BlackRock stake
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $15 billion purchase of Barclays Global Investors, …
Question
rent to own?
can one rent to own a house or how does that work is there any down falls into that. will like to get some information.
5 years ago - 4 answersBest Answer
Rent to own is probably the most misunderstood type of transaction there is. In fact it is very simple if you know what forms are required to be used in your state. They are done when the buyer negotiates for it or the buyer can not come up with the regular bank requirements to get a loan and pay off the seller. Basically there are two types of rent to own:
1.) Rent with an option to purchase - This is where you create an agreement stipulating that you will rent and you will be given the right to purchase the property. This is done by creating:
a.) the agreement stipulating the rent to own transaction
b.) the rental agreement stipulating the terms of the rental and the amount of monthly, or other mode, payment
c.) an offer to purchase agreement stipulating the terms that the buyers and sellers agree to now when the buyer/renter will exercise the option to purchase stipulated to in the agreement and in the future.
Usually there is a monthly rent amount and another amount which is paid with the rent allowing the renter/buyer to accumulate a downpayment as stipulated in the offer to purchase and to be exercised in the future.
2.) Rent with a right of first refusal - This is where a rental agreement is created and a clause showing terms and conditions for a right of first refusal is added to the lease. This allows the renter to be protected in that they make an agreement with the seller/owner to promise that if an offer is made to them by someone else and they are willing to accept it they will promise you to bring you the offer and have you either match it or refuse and continue to rent. There is usually a price, set for this type of protection.
It is extremely important that the paper work be done right so an attorney and a real estate licensee specializing in that field should be contacted.
Best of luck to you
Source(s):
5 years agoOther Answers
Rent to own can be VERY expensive, and there are many people out there that will take advantage of you. You must be able to make all payments on time every time otherwise you lose the "equity" you have built up towards the purchase.
If you let me know the city and state, I will give you the link for the laws regulating this for your area.
UPDATE
Sorry, forgot to post the link for more info on Lease purchase.
homebuying.about.com/gi/dynamic/off...
The most important thing to insure is that you are properly and legally covered in such an arrangement. More than once, I have seen, in this forum, some poor soul who has invested good money into one of these rent-to-own deals, only to discover that the current owner is taking the money and not making mortgage payments, thus exposing the property to lender foreclosure. If you are not legally covered in this scenario, you will only have a pile of VERY expensive rent receipts, and the lender will foreclose on the property.
by acermill - 5 years agoThis is rarely a good deal for the buyer. The seller writes a number of contingencies in the contract to protect their property, you make a mistake and the contract is cancelled. You essentially rented the place for no return.
Acermill is correct also, many unscrupulous "sellers" that are in trouble take advantage of those that don't qualify for a mortgage, enter a rent to own contract, only to allow the house to go into foreclosure.
Many sellers that offer rent to own want a significant down payment and a good credit check. Most of those buyers would qualify for a mortgage.
If you do decide to enter a rent to own deal, spend the money and have a RE attorney review the contract.
Source(s)
Oregon Realtor
by godged - 5 years ago
