OT Rent to own a home any good?

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Anyone have any experience with this and is it worth it or just keep renting.
Thanx
 

2009 RX Death Pool Champion
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there was a story somewhere the other day where someone was doing this and come to find out the owner had not been paying mortgage for a long time and house was foreclosed upon and (rent to owner) was put out on the street...no recourse because defaulter had no money
 

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This is becoming more of a popular option. Any renter can be put on the street if the landlord defaults on the mortgage, you still get your eviction notice

Depending on your payments and what he wants down, or for the security deposit it may be a good idea. Some places you could rent, live in for a while and change your mind later down the road.

You can find decent contracts over the internet for these
 

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