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Can you lease a bank owned property with option to buy in 2 years?

can you lease or sublease a R.E.O from a bank with option to buy in 2 years?

Public Comments

1. This is upto the lender to decide. In this present economy, I would be doubtful. Lenders must remove homes from the category of non-performing assets. An outright property sale provides lenders an ability to make new loans. Should they lease a property with an option, the property is still on the books as a non-performing or underperforming loan giving the lender no ability to immediately make new, profitable loans. You may be able to make a similar type arrangement with a mortgage holder but the mortgage must not exceed property value...the tenant must be responsible for making payments to the lender and proper documentation completed to demonstrate a land sales contract. Good Luck! Good Hunting
2. Banks are not in the leasing business. It is very doubtful that you will find a bank that is willing to lease option a house to you for any amount of years. I hope this has been of some use to you, good luck. "FIGHT ON"
3. Banks can not be landlords, their business licenses are financial, not real estate management. They don't care if the property sits for awhile, it does not cost them much.
4. I know of no lenders who will do that. They don't want to be landlords, and that is exactly what they are with such arrangements.