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Lease Option Homes News

Community center drive shifts gearsMonday, September 21, 2009 @ 12:13AMA drive to give the South County more indoor sports courts plus new rooms for meetings, offices and classes all ages is shifting into second gear.

From donation to domicileSunday, September 20, 2009 @ 2:25AMU-Snap-Bac, a local nonprofit, received three foreclosed houses from Citibank this summer, and the work to rehab them has begun. The goal, said Linda Smith, executive director of U-Snap-Bac, is to lease the homes with an option to buy as credit remains tight.

Stingy credit markets likely to lastFriday, September 18, 2009 @ 8:18AMNEW YORK (AP) — A year after a global freeze in the credit markets prompted massive government intervention to prevent the financial system from collapsing, interest rates remain at historic lows. But banks are demanding more collateral, bigger down payments and detailed financial histories from borrowers.

Intervention keeps loans cheap, hard to getFriday, September 18, 2009 @ 8:04AMNEW YORK—It’s a good time to borrow money for a home, car or small business. A year after a global freeze in the credit markets prompted massive government intervention to prevent the financial system from collapsing, interest rates remain at historic lows.

Loans cheap but tough to getFriday, September 18, 2009 @ 6:46AMInterest rates are at historic lows, but banks are demanding more collateral, bigger down payments and detailed financial histories from borrowers.