A leaseback is an agreement between the new owner of a home and the former owner that rents the house back to the owner for say 30, 60, or 90 days
Is leaseback a good idea?
More and more retirees are taking advantage of the leaseback option. It gives them the ability to continue living in the home they owned while having more money for retirement. And of course, it is a good option for people who have suffered financial reverses due to job loss or other difficult circumstances.
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