Breathing New Hope into the Foreclosure-Rampant Housing Market

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July 2009 saw a record number of foreclosure filings and homeowners across the nation are feeling the crunch of an abysmal housing market. Before they fall victim of the foreclosure frenzy, however, they may want to check into lease option alternatives. is helping owners avoid foreclosure with rent-to-own and owner-financing buying and selling options.

Lease options are a terrific way to buy a house for those who are unable or unwilling to immediately commit to a purchase.

Thanks to today's abysmal economy and volatile housing market, more homeowners are finding themselves in a sticky predicament. Their inability to find a viable buyer for their properties is forcing them into foreclosure. is rescuing homeowners from this devastating situation by offering them rent-to-own and owner-financing options. Such alternative sales strategies are broadening the buyer pool to include candidates who want to buy but may want to try out the area or save for a down payment first. Home sellers and buyers who would like to learn more about the benefits associated with lease options can do so online at

Earlier this month, CNN posted the article "Foreclosure plague: No cure yet." Therein, the author reported the following statistics for July 2009: "There were more than 360,000 properties with foreclosure filings - including default notices, scheduled auctions and bank repossessions - an increase of 7% from June and 32% from July 2008." Most remarkably, one in every 355 U.S. homes was reported to have had at least one foreclosure filing in July. An executive for RealtyTrac, an online marketer of foreclosed homes and the source of the foreclosure data, was quoted as saying that "Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we're seeing significant growth in both the initial notices of default and in the bank repossessions."

What's the foreclosure-anxious homeowner to do?, a rates provider for mortgages, consumer loans, savings accounts and credit cards, suggests, "Lease options offer an alternative." Bankrate goes on to explain, "Lease options are a terrific way to buy a house for those who are unable or unwilling to immediately commit to a purchase." What's more, "they are easier to find during down real estate markets," which is good news for potential victims of the current housing crunch. And for homeowners who've already been displaced by a foreclosure, buying on a lease option affords them a feasible alternative while they work on repairing their credit. spokesperson Martin Orefice points out, "Today's market conditions are precipitating the growing popularity of lease options. Alternative sales strategies like rent to own and owner financing afford sellers a creative means of maximizing their home's sales advantage." US Lease Option, however, isn't just for home sellers. A free resource for sellers and buyers alike, the company enables sellers to advertise their properties and buyers to find an available home on their own terms.

Home sellers who would like to avoid foreclosure and home buyers who would like to buy a house without immediately committing to a purchase can learn more about the advantages of lease options by contacting Martin Orefice at (407) 329-4475. To discover what benefits rent to own and owner financing have to offer, visit US Lease Option online at

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Martin Orefice
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