Real Estate Market in Wesley Chapel and Tampa Bay Florida

Lease-purchase programs are designed to help low- to moderate-income households achieve homeownership. Through programs at Fannie Mae and Freddie Mac, the real estate is purchased by a housing authority or nonprofit that holds title to the property until the buyer secures the mortgage. Meanwhile, the homebuyer pays a monthly rent that includes funds to be put toward the downpayment.

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http://www.planetrealtor.com/florida/news/daily/news.cfm?article=n5-05032005

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