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Updated over 9 years ago,
Rent to Own versus Seller Financing
Hello everyone!
Can someone explain the difference between rent to own and seller financing? On the surface it sounds like the same thing... I believe the difference is with a rent to own the renter gets financing from a bank to purchase the property, and with seller financing the seller is the bank. Is that accurate? Just want to make sure I understand them correctly.
Thanks for the clarification!
Liz