In my post  yesterday, "Foreclosures...Pre Foreclosure Guide", I said the following:

 "Another way the home can be sold, is by selling the home to an investor for
an agreed upon amount, then leasing back the home to the previous homeowner
for a certain amount of time. Caution should be used with this method,
there needs to be complete understanding by all parties, because the
homeowner no longer owns the home, but continues to live there."

An article written by Joseph M. Kaiser, entitled, "The Best Darn Document on the Planet." came to me in a newsletter sent out by www.creonline.com
Mr. Kaiser gives some examples of what can happen with this type of transaction, and gives an actual form he uses to confirm disclosure to the seller of the details of the contract.

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