What happens if the tenant buyer cannot qualify for a mortgage at the end of the term and cannot buy the home?
This will have to be determined on a case by case basis, since the factors for why the tenant buyer could not qualify will help determine our course of action. We always do our best to find an equitable situation for all involved, with the ultimate goal being the tenant buyer being able to purchase the home. Again, all of our tenant buyers are strenuously screened to reduce this risk as much as possible. The worst case scenario for the investor is they might have to extend the Lease to Own term with the tenant buyer, sell the home to someone else, or find another tenant buyer.
