Looking for a lease back investor

[Mark Lawson]

Does anyone know a good place to look to find some (need one) investors that would be interested in purchasing a foreclosure and lease it back to the owner on a lease purchase. The home can be purchased for $180k on short sale and the value is around $240k to $250k.

I have seen a lot of discussion that these do not make sense because if the home owner can not afford them in the first place then he cant afford the lease payment but in this situation it will allow the home owner to file chapter 7 vs chapter 13. He owes $240k on the house now plus another $200k in debts. If he files 13 and keeps the house then he will have to catch up back payments and still pay $50k of the other debt so he will have to repay $290k.

If he sales the house to someone and does a lease back with a option to purchase then he can wipe all his debt away and only have the house payment do he saves at least $50k or more depending on how much the investor is going to want on the lease purchase so he cuts his monthly payment by a good bit.

If anyone knows any investors doing this please let me know and I can put you in touch. The property is in TN in one of the major cities.