The concept of a lease-to-buy option is that a tenant may rent a property with the hope of being given the first right to purchase the property at the end of the le...
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...ity where everyone chips in, everyone walks away a winner. By creating a quasi-governmental agency that will give tax breaks to banks participating in the lease-to-buy program, everyone wins. The government solves a large part of the financial crisis. The banks recoup their losses while still owning the deeds to their foreclosed homes inventory and getting tax breaks for doing it. Those in or facing foreclosure can still live in their homes while getting some extra money back in their pocket. Homeowners who acted responsibly will not face an unfair playing field by allowing those who behaved irresponsibly to go without facing some form of punishment. And lastly, the economy can once again rely on the free market to strengthen itself, which will in turn create job create jobs and help to save our nation from the overall financial crisis that it currently faces.
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