{"id":160,"date":"2006-08-01T08:17:13","date_gmt":"2006-08-01T15:17:13","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=160"},"modified":"2006-08-01T08:17:20","modified_gmt":"2006-08-01T15:17:20","slug":"losing-the-homestead-to-a-suckers-bet","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/160\/losing-the-homestead-to-a-suckers-bet\/","title":{"rendered":"Losing the homestead to a sucker’s bet . . ."},"content":{"rendered":"

The Real Estate Bloggers<\/a> have a nice post on one of my pet peeves in real estate, the lease option\/lease purchase scam:<\/p>\n

If you are serious about buying a home, spend the time that you would have rented a lease purchase and save hard, clean up your credit report, and focus on the opportunity. By buying into the opportunity for a lease purchase you are limiting your opportunities to one home and putting yourself into a relationship that could end up setting you further behind in your attempts to become a homeowner.<\/p><\/blockquote>\n

Songwriter James McMurtry (son of novelist Larry McMurtry) nails the issue in Choctaw Bingo<\/a>:<\/p>\n

Uncle Slayton’s got his Texan pride
\nBack in the thickets with his Asian bride
\nHe’s cut that corner pasture into acre lots
\nHe sells ’em owner financed
\nStrictly to them that’s got no kind of credit
\n‘Cause he knows they’re slackers
\nWhen they miss that payment
\nThen he takes it back<\/p><\/blockquote>\n

If interest rates rise substantially, we may see a return to the days when financially solvent people purchased homes with carry-backs, wraps or land contracts. But, for now, these tricks are just one more sucker’s bet for folks who got themselves into trouble in the first place by being suckers for just about anything.
\n<\/p>\n

Technorati Tags: arizona<\/a>, arizona real estate<\/a>, phoenix<\/a>, phoenix real estate<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Real Estate Bloggers have a nice post on one of my pet peeves in real estate, the lease option\/lease purchase scam: If you are serious about buying a home, spend the time that you would have rented a lease purchase and save hard, clean up your credit report, and focus on the opportunity. By […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":{"0":"post-160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":465,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/465\/blogoff-post-88-rental-house-smart-opportunity-if-set-up-as-business\/","url_meta":{"origin":160,"position":0},"title":"Blogoff Post #88: Rental house smart opportunity if set up as business . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is one of my personal favorites from my Arizona Republic column:I'm helping a young friend buy his first home. I've known him since he was in high school. I admired his decision to defer college for an arduous tour of duty in Iraq. He's back in school now and\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":438,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/438\/blogoff-post-61-ask-the-broker-can-i-escape-without-taking-a-scrape\/","url_meta":{"origin":160,"position":1},"title":"Blogoff Post #61: Ask the Broker: How can I escape without taking a scrape . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"Here's a truly ugly problem:I'm being transferred and need to sell my house in a new subdivision. Unfortunately, the builder is still selling new houses. To make matters worse, I bought during the summer of 2005, and the builder has actually reduced its price from what it sold it to\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7472\/show-me-yours-then-ill-show-you-mine\/","url_meta":{"origin":160,"position":2},"title":"Show Me Yours – Then I’ll Show You Mine","author":"Doug Quance","date":"March 13, 2009","format":false,"excerpt":"Looking At Rental Properties With A Whole Different Perspective The more things change... well, the more they change. In the past, when you represented a tenant in the lease of a property, it was understood that the tenant would provide authorization for the landlord to perform a credit check, if\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":255,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/255\/gregs-toothsome-lease-addendum\/","url_meta":{"origin":160,"position":3},"title":"Greg’s toothsome lease addendum . . .","author":"Greg Swann","date":"August 26, 2006","format":false,"excerpt":"I was out with investors today, and I mentioned this model lease addendum to them. I wrote this two summers ago. It is devised to permit out-of-state or arm's-length landlords to get along without a property manager, if they choose. Take note that this a model, an example for education\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2512,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2512\/tuition-is-expensive-at-the-school-of-hard-knocks\/","url_meta":{"origin":160,"position":4},"title":"Tuition Is Expensive At The School Of Hard Knocks","author":"Doug Quance","date":"January 18, 2008","format":false,"excerpt":"Another Episode Of \"It Doesn't Pay To Be A Cheap Bastard\" In times like these, real estate investors often search for the corners to be cut. While many of the corners should be cut - others should not. Such is the case of adequate insurance. Many sellers are having to\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":907,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/907\/in-a-rent-vs-buy-bind-right-now\/","url_meta":{"origin":160,"position":5},"title":"In a Rent vs Buy Bind Right Now","author":"Russell Shaw","date":"January 16, 2007","format":false,"excerpt":"Eric writes: Hi Greg! I am writing because I really enjoy your blog. I'm licensed, but haven't worked with realty in years due to being back in IT (which you also seem to have a passion for), so I enjoy hearing from the experts. I'm in a rent vs buy\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=160"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}