Hordes of people have lost a house to foreclosure or short sale in the last 5 years and they can’t qualify to purchase a home. I want to tell you about a program out there that is just becoming available through a national mortgage assistance program. You can find out about it at http://TheSmartLease.com. This website will give you a overview of the program. Basically, it’s a rent to own program. After you’ve been qualified and if you have enough cash for a good down payment around 5%, you’ll select the home you like and a hedge fund investor comes in and purchases the property for you and they give you an option on it. Now, this is not a 2 year or 3 year option. This is a 6 year option. That will give you quite a long time to fix your credit. Also, since the investors purchase the house for you in cash, they are able to negotiate a great deal and the savings get passed on to you. Here’s how, the purchase option price is agreed upon before you even move in so you’ll know what to expect years in advance. That will make it really easy for you to plan and your home cost won’t be at the mercy of the rising home prices in the future. This is for a family or individual who earn at or more than about $7500 a month in income. The houses will be priced at about $350k on up to $750k. Check out The Smart Lease.