Questions on Lease Options

[Nicole Rivers]

Hello, My fiancee and I have recently started a real estate business in Northern NJ. One aspect of RE buying and selling that we are not very familiar with is Lease Optioning. From the perspective of the investor I understand that you take over payments of the mortgage while the mortgage stays in the borrowers name but I want to understand the details of this a little more. Does anyone know more about this or can your refer a BP link that would get into the details. Thanks in advance.