LEASE-OPTION AND LEASE PURCHASE DEALS
A lease-option or lease-purchase deal is a form of seller financing.
With the lease-option deal, title stays in the seller until the buyer refinances or resells or otherwise pays off the seller. The wrap-around deed of trust deal is another version of seller financing. The advantage of a wrap-around deal is that actual title is transferred to the buyer.
Read more about lease-option deals here.
Read more about seller-financing in general here.
James Robert Deal Attorney
WSBA # 8103
425-771-1110, 888-999-2022
James at JamesDeal dot com
