Sell And Rent Back Deal-Is It Worth It?
I was forced to sell and rent back my house for a few years because I needed urgent cash. The mortgage on the house had piled up and the agency was about to repossess the house. The only option I had was to look for a sell rent back company and broker a deal with them. Though they paid me only about seventy percent of what the house was worth, I had ready cash to pay off the mortgage, rent the house back for some months and still put some money into the bank. I was back on my feet and worked for almost four years to be able to buy my house back. Was it worth it? It certainly was.