Wednesday, October 19, 2011

Georgia Woman Falls Prey To Apparent Rent-To-Own Racket; Made Payments To Outfit In Hopes Of Future Ownership; Now Faces The Boot As Fannie Forecloses

In Ellenwood, Georgia, WSB-TV Channel 2 reports:

  • An Ellenwood woman says she rented a home thinking she could eventually buy it from the company who leased it to her only to have her dream of ownership come apart when Fannie Mae showed up at her front door.

  • The company that rented the home to Chiquella White said they got approval to rent the house out from the original owner who walked away from it. White said when she signed her contract, she was under the impression it was a lease-to-own contract.

  • The company said had she kept paying them rent, it would've been. "Nobody should have to go through this. This is wrong," White said. White rented her home from New Life Granted and said they told her she could eventually buy it from them. "This was their exact words. We are in the process of purchasing the home," White said.

For more, see Woman fears for her home over questionable business.

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