Foreclosure This is an excellent opportunity to own your own home for less than you could rent it for. Pay it off within three years. And then own your own home free and clear. Rent it out and buy another one. If you are an investor this is an easy rental once renovated. Numerous offers for $725 one year leases have been proposed by potential tenants. The property will not go FHA or VA. It should go FHA203K or CASH. SOLD as is.