Um, yea, it is.
If something sounds odd or misleading, don’t follow through. I’ve gotten more and more questions about lease scams than I know what to do with. Two of the most common ones are someone leasing you a home that you don’t know’s in foreclosure. The people losing the home are doing this AND sometimes it’s their neighbors. Another one is leasing a home that you know is in foreclosure but a company says you’ll be able to assume the loan for the home. While once upon a time assumable loans were popular, they are quite rare now. Please, please, please give me a call before you move yourself and worse your family into a situation like this.
Should you have any questions about anything you’ve read here, please feel free to call your favorite REALTOR, Melissa Krchnak