Foreclosure.com has issued $72,000 in scholarship money to 40 college students nationwide since the program was introduced in 2009. Each year, the company challenges future leaders of America to provide creative solutions/ideas to many of the nation's most critical issues, real estate in particular, which can be used to help foster a robust United States housing market.
Foreclosure.com Scholarship Program at a Glance
Foreclosure.com continues to break new ground by offering a nationwide scholarship program. Currently enrolled college students (graduate students, law students and/or high school seniors are NOT eligible) are invited to apply by submitting an essay. Freshman entering Fall 2020 are eligible once they have received a student ID number. Plagiarism is strictly forbidden. Essays that are not the original work of the entrant will be immediately discarded and eliminated from consideration.
2020 essay topic:
As a college student or recent graduate that may not qualify for a conventional home purchase, how would you leverage the "Rent to Own" (lease option) opportunity to achieve home ownership?
Please detail the process you would go through, referencing factors such as credit score, down payment, home searches, price range, and the planning and negotiating of the Rent to Own agreement, as well as exercising the final purchase or opting out of the sale.