Basically, the seller leases you their home for an extended period of time, and you lease it out to a tenant of your own.

If they choose not to, but don't want to move out at the end of the option period, you renegotiate and extend the lease and option or write new ones.So, yes, it could go for a long time.

There is an option for extended clip but that makes it less concealable.

Then even if you can convince them to finally come to reality you still have to deal with short time frames, that they rarely will extend, in addition to other hassles.

My membership was supposed to expire on January 31, but, they extended it to February 28th.

Depending on the applicable state antidefiecency statue and court decisions interpreting the statue, the protection afforded by the anti deficiency statue may or may not be extended to apply to a guarantor if a lender elects to foreclosure and brings a suit against a guarantor for a deficiency judgment.One – Action States Some states such as California have also enacted†one action†statues or rules, that a lender to one lender to one lawsuit to collect its debt and enforce its security interest.

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There is some chance you will have an extended vacancy, no matter how nice your place looks or how well you market it.If you play a game, like blackjack with good rules that has a 0.5% house edge, you know what your losses will be over the long term.

http://www.urbandigs.com/2008/07/treasury_extends_credit_to_gse.html

The lender we use has extended a line of credit (at prime), and normally doesn't care if you have over 4 mortgages (current limit) and requires less documentation.