From http://www.OwnYourHome.com.au – An extremely biased report from Channel 7’s Today Tonight. Entering into a vendor finance agreement has the same responsibilities as attaining a loan from a bank; if you fail to make repayments you will need to vacate the property.
To prevent such events happening to them, consumers must ensure that they keep to their agreed payment schedule and seek and ensure vendor fiance specialist they choose is one who is reputable, financially sound or otherwise they may unfortunately end up in a situation like the two ladies in this video.
The Vendor finance/rent to buy industry in Australia has not matured to the same degree as in the United States where it has proven itself to be a valuable tool to people with little or no deposit wanting to purchase a home. Please familiarise yourself with the process with the information contained at before applying for one of our vendor finance properties.