Someone has a crappy house in a crappy neighborhood worth about $50,000. They sell it to you for $75,000. They require a $15,000 payment and $400 a month, of which maybe $50 goes to the down payment. They give you two years to 'rent to own' before you have a balloon payment due, which is the balance in full on the 'mortgage' they sold you, so roughly $58,700. That leaves you having to come up with at least at least $9300 for your down payment plus the closing costs. And that is IF you can find anyone to finance you, depending on your credit score, debt to income rating, etc.
In the meantime during that two years while you're maxxed out on a monthly rent payment that you call mortgage, if the roof leaks or the HVAC goes out or the hole collapses or the stove stops working, it's your problem and you have to figure a way to fix it.
So, if you're looking for stability and a place to raise your FAMILY and you're not eligible to purchase a home the conventional way right now, go rent a home. Find out why you can't buy and fix the problem. Looking for a short cut doesn't usually end well for the buyers. It usually ends in them losing a LOT of money as well as the home.
Dont take my word for it, google them, these scammers are not even in our state.
ITS A SCAM, DONT GET TAKEN.... FLAG THEIR ASSES.
do NOT contact me with unsolicited services or offers