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Rent to own tends to attract first-time homebuyers, who have less experience in buying homes, and, unfortunately, because of this, there are many rent to own scam artists hoping to trap naive rent to owners. It can be difficult to identify them since the industry isn’t subject to much inspection.
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The rent-to-own process allows new home buyers with poor credit scores, or who lacks the down-payment required by the bank, the opportunity to live in their home while working on improving their credit and saving funds. Remember, not all sellers in Pasquotank County, NC will offer up their.