Past Foreclosure? You Can Recover Your Credit!

These days having a foreclosure on your record seems to be closer to the norm than it ever has before. What once was an unfortunate event that happened relatively infrequently, now has probably happened to you or someone you know. The good news is that its not the end of the world anymore. There are programs that will help you get a second chance at finding housing and restoring your credit at the same time. The Fresh Start Homes Program in Fort Myers, FL is one such program. They help individuals who have had a foreclosure in their past by placing them in a rent to own situation. Up to 75% of the rent that they pay is put down towards a down payment and the rest is financed to help the prospective homeowner rebuild their credit. It gives the renters a second chance at homeownership, and helps the community overall, by placing responsible tenants in otherwise vacant properties. On the investment side, Fresh Start Homes offers investors the opportunity to have a passive monthly income by screening and placing tenants in the homes, offering property management services, and ultimately providing the investor with a guaranteed homebuyer at the end of 18 months. Sounds like one of those few opportunities where everyone wins...