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By Mnlakeplace | Agent in White Bear Lake, MN
  • Where can I find contract for deed homes in Minnesota or Wisconsin?

    Posted Under: Home Buying in Eden Prairie, Home Selling in Eden Prairie, Financing in Eden Prairie  |  May 3, 2014 7:59 AM  |  1,235 views  |  No comments

    Where can I find a home for sale contract for deed?

    I will give you feel locations you can search for homes for sale contract for deed in Minnesota-Wisconsin and all other states. Also Rent to own homes-land contracts-MN owner financing-some sites will be for sale by owners-realtors-brokers-or a contract for Deed Company in Minnesota-Wisconsin.

    First site is 

    mnhomescontractfordeed.com

    A great site for the latest contract for deed homes in Minnesota and Wisconsin. Information on how to buy a home with bad credit-contract for deed terms-what you can expect to pay in terms of rate-length-owners willing to offer contract for deed financing-virtually all types of properties-condo-town homes-MN lake homes-cabins-hobby farms-acreage-farms-lofts-new construction if you are looking for a seller financed home in Minnesota this is the place to go.

    Another great site is 

    mnlakeplace.com/contract-for-deed you can find Minnesota lake homes-cabins-waterfront properties-MN lake shore-contract for deed homes in Minnesota and Western Wisconsin. Blogs on owner financing-contract for deed homes-rent to own. 100s of properties for sale contract for deed.

     

    You can get the latest information at these locations.

    Why buy a home contract for deed?

    1. Lower closing costs.

    2. NO bank qualify

    3. Sellers usually don't care about credit.

    4. Pride in ownership- better than renting.

    5. Tax deductions.

    6. In some cases less money down than a lender wants you to put down or mortgage.

    7. Bad credit is ok.

    8. Lack of Job history not an issue.

    How to qualify for a MN contract for deed home?

    Usually you will need around 10% down of the sale price to do this and you can expect to pay a little bit higher than market rates. If the seller is financing their property and waiting to get paid off they will want a little more for doing this for you.

    You can expect terms 3-5 years on average some owners may do more and some less time depending on each sellers situation on how long they want to hold on to the contract.

    If you are seeking to buy a home after a short sale or foreclosure this is the way to go. You will have to wait 2-3 years to refinance the homes due to credit this helps you get into a house and start building your credit again.

     

    http://www.760credit.com

    If you need help you can go to this site for credit help. They can help you remove old items-derogatory items off your credit. You will want your credit score to be around 640 to refinance your MN contract for deed home- you will want to keep tabs on your credit you can go to transition-Experian-Equifax and get 1 free credit report a year to view how your credit is doing. Transition has a monthly service you can pay and view your credit monthly that is the best way to go.

    Credit companies sometimes take a while to get times off your report so keep monitoring your credit so you can get your scores up there to refinance your new contract for deed house Minnesota.

    For a contract for deed Broker in Minnesota and Western Wisconsin.

    BoardWalk Premier Realty INC

    651-334-8312

    STEVE VENNEMANN

    MN contract for Deed Company

     

    mnlakehomescontractfordeed.com

  • MN owner financing -hobby farm-condo-town houses and more

    Posted Under: Home Buying in Minnetonka, Home Selling in Minnetonka, Financing in Minnetonka  |  May 3, 2014 7:54 AM  |  1,236 views  |  No comments

    I have been receiving alot of calls lately on contract for deeds Minnesota and Wisconsin owner financing. 

     

    Some homebuyers have bought a home on a cd in the past few yours thru an investor or a homeowner directly and then run into problems such as.

     

    1. Thinking they can refinance in 1 year. This is short period of time we recommend always getting a 2 year or more contract for deed unless you have talked directly with a mortgage company and they have done their home work with the buyer such as pulling a credit report-credit the cd buyers employment-basically everything they would need to do to get the cd buyer pre approved as if they were getting a FHA or VA -Conventional mortgage.

     

    minnesotahomescontractfordeed.com

2. When dealing directly with a homeowner or investor the buyer does not have representation we always recommend this. Find a contract for deed company-realtor-broker who works in this field. It usually doesn’t cost the homebuyer any money the seller pays the real estate commission to the agent. 

3. Experience is a must. Not everyone knows about contract for deed financing. Like every business people specialize in certain areas. Think of it as going to the Dr. They refer you to someone that can take care of that certain issue. You don’t want guessing when it comes to someone drafting your contract for deed MN or Wisconsin. 


    mnhomescontractfordeed.com

You can look at the cd terms as your mortgage for the next few years. Most of the time sellers with offer financing for 3-5 years so the buyer can get their credit scores up. Or what ever is holding them back from getting a standard mortgage. In most cases the buyer can expect to get a FHA loan. 

A) it takes around 3 years to get a FHA loan after a foreclosure-. 
B) it takes usually 2 years to get a FHA loan after filing for a bankruptcy. There are 100s of properties for sale in Minnesota and Western Wisconsin with seller financing options. 

The sites you find on the article will get you to the right direction. Can browse MN owner financed homes by counties. Example if you are searching for a contract for deed home in Minneapolis or saint Paul MN you can go to Ramsey county or Hennepin county and find homes for sale contract for deed. There is alot of information for sellers trying to sell their property on a land contract and buyers searching for in debt information on buying a property on a contract. 



    http://www.mnownerfinancedhomes.com

    
Remember contract for deed financing is direct by the owner and you should have a title company or law office draft the land contract. 

Have the title searched for any liens or out standing bills anything that can affect the title. We always recommend title insurance to protect the purchaser from any past defects in the title or out standing bills. For the largest inventory of owner financed homes in MN and Western Wisconsin go to

    mnlakeplace.com/contract-for-deed

You will find condo-town homes-MN lake homes for sale-waterfront properties-cabins-acreage-lake lots-New construction in select areas. There is hobby farms-farm-log homes-acreage-bank owned properties. Seller financing is a great way to buy a home the seller and buyer must take steps to protect themselves. Rent to own-leasing is good for someone who has little or no money down. To purchase a home on a MN contract for deed the purchaser usually has to come up with 10% or more of the sale price. The lower the rate the better terms for the buyer means quicker sale for the seller. 



    BoardWalk Premier Realty INC 
is located in Saint Paul, MN


    Owner financed real estate company has been business sense 1996 and works with contract for deed financing daily.

    651-334-8312

    STEVE VENNEMANN

     

    http://www.mnlakehomescontractfordeed.com

     

  • Minnesota and Wisconsin land contract information

    Posted Under: Home Buying in River Falls, Home Selling in River Falls, Financing in River Falls  |  May 3, 2014 7:46 AM  |  1,241 views  |  No comments

    MINNESOTA CONTRACT FOR DEED HOMES FOR SALE.

    100S OF HOUSES-CONDO-TOWN HOMES-FOR SALE BY OWNERS.

    BROWSE OUR SITES FOR FREE JUST CLICK ON BLUE LINKS.

     

    Land contracts is very popular in today’s real estate markets IN THE 70-80S Some people call them installment sale contracts, sometimes called contracts for deed, land contracts-owner financing-seller financing there is a lot of different ways to call owner financed homes but they all boil down to the same thing. Sellers offering attractive financing terms-Contract for deeds are usually a little over market rates but more easier to qualify than standards of institutional lenders.

    With tight mortgage standards this is one of the best way to sell a property. http://www.nationwidecontractfordeeds.com

     

    What is an Installment Sale Land Contract?

     

                   Land contracts or contracts for deed are a security agreement between a seller, called a Vendor, and a buyer, called a Vendee.

                   The Vendor agrees to sell a property by financing the purchase for the Vendee.

                   The Vendor retains legal title and the Vendee receives equitable title.

                   The owner-carried financing can include an existing mortgage balance or the property can be free and clear.

                   Upon payment in full, the Vendor hands the Vendee a deed to the property.

    http://www.mnhomescontractfordeed.com

    WHAT IS A WRAP AROUND MORTGAGE? OR WRAP AROUND CONTRACT FOR DEED?

                   Wrap-around contracts contain an existing mortgage.

                   The Vendee makes one payment to the Vendor.

                   Upon receipt of the payment, the Vendor pays the underlying lender's payment and keeps the rest.

                   If the existing mortgage has a lower interest rate than the rate on the contract, the Vendor earns extra interest on money that does not belong to the Vendor.

    This is how it works.

     

    1.            Say the sales price is $200,000.

    2.            The Vendee puts down $20,000.

    3.            The Vendee agrees to make payments on $180,000, bearing interest at 6.0%, payable $1079.19.

    4.            The existing underlying loan is $90,000, payable at 5% interest with a payment of $322.09

    5.            The Vendor earns 6.0% interest on $180,000 of equity, PLUS 1. % Interest on the existing mortgage of $90,000 and pockets $ a month.751.10

    http://www.minnesotahomescontractfordeed.com

    Power of Sale

     

                   Some title companies draft and insure land contracts that contain a Vendor, a Vendee and a Trustee.

                   Like a trustor in a trust deed, the Vendor and Vendee assign right, title and interest to the trustee for the purpose of securing the Vendor's and Vendee's obligations.

                   In the event the Vendee stops making payments, the Trustee has the power to foreclose under the power of sale.

                   The process of filing a notice of default varies from state to state.

                   Title insurance is highly recommended when buying a house with owner financing.

    http://www.mnlakeplace.com

    Acceleration Clauses in Underlying Loans

    All loans today could have acceleration clause Lenders have had a long history of calling loans immediately due and payable if buyers took title "subject to" to the existing loans. That's because lenders wanted the buyers to qualify, pay loan points and higher interest rates.

    BUT IN TODAYS MARKET THEY ARE MORE INTERESTED IN JUST GETTING PAID. THEY HAVE THE RIGHT TO ACCELERATE THE LOAN BUT WILL THEY DO IT NOT LIKELY. Seek legal advice on this subject.

    Vendee's Bundle of Rights

    For all practical purposes, the Vendee owns the property and has the right of:

     

                   Possession.

                   Quiet enjoyment and use of the property.

                   Exclusion, forcing others to leave the premises.

                   Resale.

    Benefits to the Vendee

     

                   No qualifying, although the Vendor could ask for a copy of the buyer's credit report.

                   Down payment flexibility. The sellers usually require around 10% down do the sale price to do a contract for deed.

                   Length of land contract term, interest rate and payments are negotiable.

                   Low closing costs. There are no lender fees to pay.

                   Fast closing. Transactions can close in 7 days or less.

                   No appraisals unless buyer wants to pay for one.

    http://www.mnownerfinancedhomes.com

    Benefits to the Vendor

     

                   Typically sellers get market value on their property-home-condo-town homes whatever type of property they have.

                   If taxable, possibly can qualify for deferred gain.

                   Monthly income.

                   Often a better rate of return than money market accounts.

                   If property is non-conforming, it's an easy way to sell.

                   Quick closing if the property is vacant usually we can close on a property in 7 business days.

                   Usually higher rate than most stocks in today’s stock market

     

    Buyer Tips

     

                   Get an appraisal.

                   Obtain title insurance.

                   Home inspection

                   A realtor that specializes in owner financing

                   Engage the services of a holding company to retain possession of an executed deed and the original documents.

           

     

    http://www.mnlakehomescontractfordeed.com

     

    Seller Tips

     

                   Pull the buyer's credit report.

                   Include both Vendor and Vendee names on the existing insurance policy.

                   Hire a Real Estate Broker who specializes or very knowledgeable in contract for deed financing.

                   Below is a list of related sites where you can list your property at no cost. Great spot to offer contract for deed financing-rent to own-owner financing-seller financed homes for sale.

                   Buyers will have some sort of credit issues when buying a home with owner financing. The main thing to look for is a tax lien that can be attached to your home. Other things like credit scores shouldn’t be a big deal they will have time to work on their credit for a few years while they are paying the contract. There are companies out there you can pay to have the buyers contract payments recorded at all 3 major credit bureaus, which will help raise credit scores. Remember the quicker the scores go back up the quicker they may be able to refinance the home.

     http://www.760credit.com/mn-homes-for-sale-contract-for-deed-mnhomescontractfordeedcom/

  • Browse 100s of contract for deed listings for sale in MN -WI

    Posted Under: Home Buying in Ham Lake, Home Selling in Ham Lake, Financing in Ham Lake  |  May 3, 2014 7:37 AM  |  1,276 views  |  No comments

    HOW DO I BUY A MN OWNER FINANCED HOME?

     

    WE HAVE 100S IN ALL AREAS IN MINNESOTA IF YOU WANT TO BUY WE WILL FIND YOU A HOME.

     

    CLOSINGS CAN HAPPEN QUICKLYY IF YOU WANT THEM TO.

     

    We have 100s of MN owner financed.

     

    If you are looking to buy a sell a home with MN owner financing feel free to go to one of our sites and see 100s of listings for sale contract for deed- Free information on buying and selling real estate in today’s market.

     

    We are Minnesota leaders when it comes to seller financing we have lots of other homes for sale that are not on our sites.

     

    We have been in business sense 1996 providing home owner ship to people who have credit challenges-lack of job history-bad credit-no credit-bankruptcy-Foreclosures- Credit usually isn’t issue.

     

    651-334-8312

    Steve Vennemann

    BoardWalk Premier Realty INC

     

     

    Our newest site for owner financing- we cover all areas you may search by counties to make it easier to search for your dream house.

     

    All types of properties condos-town homes-cabins-lake homes-river front properties-bank owned properties- Minnesota homes contract for deed-Homes contract for deed for sale MN-houses-home-condos-town homes cd MN contract for deed homes-MN contract for deed homes for sale-contract for deed homes for sale MN-contract for deed homes for sale-contract for deed Minnesota-contract for deed MN-land contract for deed MN-owner financed homes-owner financed homes in MN-owner financed homes in Minnesota-owner financed homes for sale-owner finance-owner financing contract MN-contract for deed calculator-

     

    Specializing in lake homes for sale-lake homes-cabins-waterfront properties-river front condos-thru out the entire state of Minnesota and western Wisconsin.  Homes with acreage-farms-hobby farms- you may search northern MN-southern-eastern MN-western MN-eastern MN- nothing better than owning a place on the water in Minnesota-fishing-skiing-hiking-natures lovers dream.

     

     651-334-8312 STEVE VENNEMANN

    BoardWalk Premier Realty INC

     

    WE WORK WITH CONTRACT ON A DAILY BASIS SO BE ASSURED WE KNOW WHAT WE ARE DOING.

     

     

    AFTON MN-ALBERTVILLE MN-ANDOVER MN- ANNANDALE MN-ANOKA MN-APPLE VALLEY MN-ARDEN HILLS, MN-ARLINGTON MN- BAYPORT MN- BECKER MN- BELLE PLAINE MN- BETHEL MN- BIG

     LAKE, BLAINE MN- BLOOMINGTON MN- BRAHAM MN-BROOKLYN CENTER MN- BROOKLYN PARK MN-

     BUFFALO MN- BURNSVILLE MN- CAMBRIDGE MN-CANNON FALLS MN- CARVER MN- CASTLE ROCK MN- CEDAR, CENTER CITY MN- CENTERVILLE MN- CHAMPLIN MN- CHANHASSEN MN- CHASKA MN-

     CHISAGO CITY MN- CIRCLE PINES MN- CLEAR LAKE MN- CLEARWATER MN- COATES MN- COKATO MN- COLOGNE MN-COLOMBIA HEIGHTS MN- COON RAPIDS MN- CORCORAN MN- COTTAGE GROVE MN- CRYSTAL MN- CRYSTAL BAY MN- DALBO MN- DALSSEL MN-DAYTON MN- DEEPHAVEN MN

     DELANO MN- DELLWOOD MN- DENNISON MN- DUNDAS MN- EAGAN MN-EAST BETHEL MN- EDEN

     PRAIRIE MN- EDINA MN-ELK RIVER MN- ELKO MN- EXCELSIOR MN- FALCON HEIGHTS MN-

     FARMINGTON MN- FOLEY MN- FOREST LAKE MN- FORT SNELLING MN- FRIDLEY MN- GAYLORD MN-GEM LAKE MN- GLENCOE MN- GOLDEN VALLEY MN- GOODHUE MN- GRANDY MN- GRANT MN-

     GREEN ISLE MN- GREENFIELD MN- HAM LAKE MN- HAMBURG MN- HAMEL MN- HAMPTON MN-

     HANOVER MN- HARRIS MN- HASTINGS MN- HEIDELBURG MN- HENDERSON MN- HILLTOP MN-

     

     HOPKINS MN- HOWARD LAKE MN- HUGO MN- HUTCHINSON MN- INDEPENDENCE MN- INVER GROVE HEIGHTS MN- ISANTI MN- JORDAN MN- KIMBALL MN- LAKE ELMO MN- LAKE SAINT CROIX BEACH MN- LAKELAND MN- LAKELAND MN- SHORES MN- LAKEVILLE MN- LANDFALL MN- LAUDERDALE MN- LE CENTER MN- LE SUEUR MN- LEXINGTON MN- LILYDALE MN- LINDSTROM MN- LINO LAKES MN- LINWOOD MN-LITTLE CANADA MN- LONG LAKE MN- LONSDALE MN- LORETTO MN- LUXEMBURG MN- MAHTOMEDI MN- MAPLE GROVE MN- MAPLE LAKE MN- MAPLE PLAIN MN- MAPLEWOOD MN- MARINE ON SAINT CROIX MN- MAYER MN- MEDICINE LAKE, MEDINA MN- MENDOTA MN- MENDOTA HEIGHTS MN- MIESVILLE MN- MINNEAPOLIS MN- MINNETONKA MN- MINNETONKA BEACH MN- MINNETRISTA MN- MONTGOMERY MN- MONTICELLO MN- MONTROSE MN- MOUND MN- MOUNDSVIEW MN- NAVARRE MN- NEW AUBURN MN-NEW BRIGHTON MN- NEW GERMANY MN- NEW HOPE MN- NEW MARKET MN- NEW PRAGUE MN- NEWPORT MN- NORTH BRANCH MN- NORTH OAKS MN- NORTH SAINT PAUL MN- NORTHFIELD MN- NORWOOD MN- NORWOOD YOUNG AMERICA MN- OAK GROVE MN- OAK PARK HEIGHTS MN- OAKDALE MN-ORONO MN- OSSEO MN- OTSEGO MN- PINE SPRINGS MN PLATO MN- PLEASANT LAKE MN- PLYMOUTH MN- PRINCETON MN- PRIOR LAKE MN- RAMSEY MN- RANDOLPH MN- REDWING MN-RICHFIELD MN- ROBBINSDALE MN- ROCKFORD MN- ROGERS MN- ROSEMOUNT MN- ROSEVILLE MN- RUSH CITY MN- SAINT ANTHONY MN- SAINT BONIFACIUS MN- SAINT FRANCIS MN- SAINT LOUIS PARK MN- SAINT MARY'S POINT MN- SAINT MICHAEL MN- SAINT PAUL MN- SAINT PAUL PARK MN-

    SANTIAGO MN- SAVAGE MN- SCANDIA MN- SHAFER MN- SHAKOPEE MN- SHOREVIEW MN- SHOREWOOD MN- SILVER CREEK MN- SILVER LAKE MN- SOUTH HAVEN MN- SOUTH SAINT PAUL, MN-SPRING LAKE PARK MN- SPRING PARK MN- STACY MN- STANCHFIELD MN- STILLWATER MN- TAYLORS FALLS MN- TONKA BAY MN- VADNAIS HEIGHTS MN- VENTURA MN- VERMILLION MN- VICTORIA MN- WACONIA MN- WATERTOWN MN- WAVERLY MN- WAYZATA MN-WEBSTER MN- WEST SAINT PAUL MN- WHITE BEAR LAKE MN- WILLERNIE MN- WINSTED MN- WOODBURY MN- WOODLAND MN – WYOMING MN- YOUNG AMERICA MN- ZIMMERMAN MN- SHERBURNE MN- RAMSEY MN- HENNEPIN MN-WASHINGTON MN- CARVER MN- DAKOTA MN- SCOTT MN- WRIGHT- MN_WI counties Polk WI-Burnett WI-Saint Croix WI-Hudson-New Richmond WI

    651-334-8312 Steve Vennemann

    Boardwalk premier Realty INC

                                     

                                    Minnesota owner financed homes-contract for deed properties

                                     

                                    MN homes contract for deed-seller financing on condos-town homes-Real Estate

                                     

                                    Minnesota Real Estate contract for deed-condos-town homes

                                     

                                    Minnesota lake homes for sale-cabins-condos-town homes on the water cd terms

                                     

                                    Credit repair-removal of bad items-repair credit-760credit.com

                                     

                                    Minnesota contract for deed homes in saint Paul & Minneapolis MN

                                     

                                    Minnesota contract for deed houses-condos-town homes seller financed homes mnlakeplace.com

                                     

                                    Minnesota owner financing-owners will finance condos-town homes-single family real estate cd

                                     

                                    Twin cities Minnesota contract for deed homes-condo-town homes saint Paul & Minneapolis cd properties

                                     

                                    West Wisconsin owner financed homes-acreage-farms cd new construction mnlakeplace.com

                                     

                                    Big Marine lake homes-properties on big marine lake-cabins-deeded access-lake front mnlakeplace.com

                                     

                                    Minneapolis contract for deed homes for sale-owner financing houses

                                     

                                    Contract for deed company Minnesota & Wisconsin

                                     

                                    CONTRACT FOR DEED HOMES MINNESOTA

                                     

                                    Contract for deed homes Stillwater-cottage grove-Forest lake-White bear lake-Lakeland

                                     

                                    ANOKA COUNTY CONTRACT FOR DEED HOMES

                  Links

                                    760CREDIT.COM

                                     

                                    MNHOMESCONTRACTFORDEED

                                     

                                    MNLAKEHOMESCONTRACTFORDEED

                                     

                                    MN contract for deed homes-owner financing in Minnesota-Wisconsin

                                     

                                    MNOWNERFINANCEDHOMES

                                     

                                    Minnesota owner financing-contract for deeds-MN land contracts-bad credit ok

                                     

                                    MN lake home contract for deed-contract for deed homes MN

                                     

                                    Contract for deed information-Buying or selling a home with owner financing

                                     

                                    ANOKA COUNTY CONTRACT FOR DEED HOME

                                     

                                    RAMSEY COUNTY CONTRACT FOR DEED HOME

                                     

                                    MINNEAPOLIS CONTRACT FOR DEED HOMES

                                     

                                    Contract for deed homes in Burnsville-Lakeville-Eagan-Apple valley-Mendota Heights

                                     

                                    Contract for deed homes Isanti county

                                     

                                   

    MN contract for deed company

    Posted Under: Home Buying in Saint Paul, Home Selling in Saint Paul, Financing in Saint Paul  |  May 3, 2014 7:26 AM  |  1,226 views  |  No comments

    Our company specializes in contract for deed homes in Minnesota and Wisconsin.

    We have been in business sense 1996 and work with Mn owner financed homes daily.  Home buyers may browse the largest selection of properties located in Minnesota and Wisconsin with ease by counties.

     

    There you can find farms-condo-town homes-Mn lake homes for sale –cabins-acreage-farm-bank owned properties.

    http://www.mnownerfinancedhomes.com/contract-for-deed-listings/

     

    BoardWalk Premier Realty INC is located in saint paul Minnesota. Which is part of the twin cities metro area. Minneapolis and st.paul are the two largest cities in Minnesota. Lots of suburbs-biking trails-entertainment-restaurants.

     

    How can you buy a home with bad credit simple. If you have a round 10% down of the sale price of the property you are seeking we can help you get a home.

     

    Example $200,000 sale price

    $20,000 down payment

     

    Balance $180,000 contract for deed for around 3-5 years with rates of say 5-7% depending on each seller. Owners usually dictate the rate they want for the house and cd terms.

     

     

    http://www.mnhomescontractfordeed.com/ramsey-county

     

    Why would you want to buy a home verses renting the house?

    Simple renting or renting the own is just that no home ownership.

    Cd financing the purchaser will have rights. Home ownership.

    Tax right offs-much more.

     

    Sellers benefits for cash flow-

    Selling a home-

    Saving money for up keep

    No late night renters calling to tell you to fix a leak ect.

     

    For more information on selling a home contract for deed.

    http://www.mnownerfinancedhomes.com/minnesota-house-contract-for-deed-sellers-financing-homes-in-mn-wi/

     

    Minnesota homes are selling fast if you are seeking to own a home take a look at our homes with owner financing in Minnesota and Wisconsin.

     

    We can send the home buyer homes by cities-counties-school district.

    Remember the larger the city the more Mn owner financed homes you will have to choose from. I recommend trying to search for homes in a wider area like a county verses a small town.

    http://minnesotahomescontractfordeed.com/hennepin-county/

     

     

    BoardWalk Premier Realty INC

    Steve Vennemann

    651-334-8312

    Contract for deed broker

     

     http://www.mnlakeplace.com/contract-for-deed

  • Seller financing in Minnesota and homes for sale by counties

    Posted Under: Home Buying in Isanti, Home Selling in Isanti, Financing in Isanti  |  May 3, 2014 7:16 AM  |  1,206 views  |  No comments

    Seller financing can be a useful tool in a selling a home with a quick closing. It allows sellers to move a home faster and get a sizable return on the investment. And buyers may benefit from less or no qualifying and a lower down payment requirements, more flexible rates, and better loan terms on a home that otherwise might be out of reach.

    The seller extends enough credit to the buyer for the purchase price of the home, minus any down payment. The buyer and seller sign a purchase agreement and then a title company or law office drafts the actual contract for deed at closing for the buyer and seller to sign. The title Company or lawyer will record a contract for deed with the local public records authority. Then the buyer pays back the loan over time, with interest. The rate is usually around 6-7%.

    These loans/Contract for deeds are often short term - for example, amortized over 30 years but with a balloon payment due in three to five years on average.

    Sellers don't want to be exposed to the risks of extending credit longer than necessary that is the reason for the shorter term than the typical 30 Year mortgage from a bank.

    Seller’s are in the best position to offer a seller financing deal when the home is free and clear of a mortgage but does not need to be.

    mnhomescontractfordeed.com

    Land contract. Land contracts don't pass title to the buyer, but give the buyer "equitable title," a temporarily shared ownership. The buyer makes payments to the seller and after the final payment, the buyer gets the deed.

    If a buyer does not have a lot of money this may be another option.

    lease option. The seller leases the property to the buyer for a contracted term, like an ordinary rental -- except that the seller also agrees, in return for an upfront fee, to sell the property to the buyer within some specified time in the future, at agreed-upon terms-including price. Some or all of the rental payments can be credited against the purchase price. Numerous variations exist on lease options.

    mnownerfinancedhomes.com

     

    Both the buyer and seller will need a real estate agent.

     Some one who is a qualified professional experienced in seller financing and home transactions to write up the contract for the sale of the property, the contract for deed, and any other necessary paperwork.

    Tips to reduce the seller’s risk

    Many sellers are reluctant to entertain the contract for deed option because they fear that the buyer will default (that is, not make the loan payments). But the seller can take steps to reduce the risk of default. Hire BoardWalk Premier Realty INC to be your Real Estate Broker.

    Negotiating the contract

    As with a conventional mortgage, seller financing is negotiable. To come up with an interest rate, compare current rates that are not specific to individual lenders. Be prepared to offer a competitive interest rate, low initial payments, and other concessions to lure buyers.

     

    Related contract for deed Real Estate

    mnlakeplace.com

    BoardWalk Premier Realty INC

    Broker/Realtor

    Steve Vennemann

    651-334-8312

     

    mnlakehomescontractfordeed.com/hennepin-county

    Minneapolis and surrounding cities for lake homes-cabins-Waterfront you name you can find it here.

    minnesotahomescontractfordeed.com/ramsey-county/

    Saint Paul and suburbs. Search town homes-single family real Estate-Condo-

     

    Find homes for sale contract for deed in the following counties.

     

                  ANOKA COUNTY CONTRACT FOR DEED HOME

                  RAMSEY COUNTY CONTRACT FOR DEED HOME

                   

                  MINNEAPOLIS CONTRACT FOR DEED HOMES

                   

                  CONTRACT FOR DEED HOME IN STILLWATER-WOODBURY-WHITE BEAR LAKE-COTTAGE GROVE-FOREST LAKE

                   

                  Contract for deed homes in Burnsville-lakeville-Eagan-Apple valley-Mendota Heights

                  contract for deed homes Isanti county

                   

                  Contract for deed homes in Wright county

                   

                  Contract for deed homes Sherburne county

                   

                  Contract for deed homes in Chicago county

                   

                  Contract for deed homes Scott County

                   

    Contract for deed homes in Burnsville-Apple Valley-Eagan-Mendota Heights-west .st.paul

  • Minneapolis and Saint paul Minnesota contract for deed program

    Posted Under: Home Buying in White Bear Lake, Home Selling in White Bear Lake, Property Q&A in White Bear Lake  |  May 3, 2014 7:13 AM  |  1,240 views  |  No comments

    BoardWalk Premier Realty INC is based in St.Paul Minnesota twin cities metro area.

    Specializing in Minnesota contract for deed homes for sale located in all counties thru out the state.

    We have been in Real Estate Sense 1996.

    How does our Minnesota Contract for deed programs work?

    We will Draft the contract for deed-offer to purchase for you and coordinate the closing with a title company or contract for deed with your lawyer for you at no cost. We also encourage you to get a home inspection when buying a house or building.

    We will write your offer contingent upon the home inspection for you if something comes up and you and the seller don’t agree to terms you may cancel the contract for deed (-purchase agreement) right away.

    We will do our best to protect you when buying or selling a land contract in Minnesota.

    Seller financed homes usually sell fast. 

    We can send you houses in a certain school district or county if you desire. The more areas you search the more cd listings you will find and the better change of successfully getting a home.

    The owners financing the property decide what they like for terms and we negotiate with them to help you get the best rate-length of the contract-terms.

    Wisconsin Residential offer to purchase agreement should be drafted by a Real Estate professional.

     minnesotahomescontractfordeed.com

    Contract for deed requirements

    Some type of proof of job history.

    Are you self-employed? Bank statements or 1099 are always helpful.

    Let us know if you are renting or if you are going thru a foreclosure now?

    How soon do you want to be in your new house?

    Down payment. (10% down+ of the purchase price.

    Rental history if this applies.

      mnlakeplace.com

    What is a contract for deed?

    A method of real estate financing; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid. A land contract (sometimes known as a “contract for deed” or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buy the property for an agreed-upon purchase price and the buyer repays the loan in installments

    What is Rent to own 

    Assists low- to moderate-income home buyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

    What are Lease options?

    A lease option (is different than a lease purchase, a lease purchase binds both parties to the sale, where in a lease option the buyer has the option but the seller doesn't) is the abbreviated form of the appropriate term “Lease With the Option to Purchase

    What is Carry Back Mortgage also Known as a take back Mortgage

    A type of Mortgage in which the seller offers to lend funds to the buyer to help facilitate the purchase of the property. The take-back mortgage often represents a secondary lien on the property, as most buyers will have a primary source of funding other than the seller.

    mnownerfinancedhomes.com

    What is Seller Financing?

    Seller financing is a loan provided by the seller of a property or business to the purchaser. Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate, until end of the contract. 

    What is Owner financing

    A type of financing in which the seller of a tangible item accepts a promissory note as a portion of the purchase price. Also called seller financing-contract for deed MN.

    WHY USE A LAND CONTRACT?

     

    Although MN land contracts can be used for a variety of reasons, their most common use is as a form of short-term seller financing. Usually, but not always, the date on which the full amount of the purchase price is due will be years sooner than when the purchase price would be paid in full according to the amortization schedule. This results in the final payment being a large balloon payment since the amount of the final payment is so large, the buyer may obtain a conventional mortgage loan from a bank to make the final payment.

    MN Land contracts are sometimes used by buyers who do not qualify for conventional mortgage loans offered by a traditional lending institution, for reasons of unestablished or poor credit or an insufficient down payment. MINNESOTA Land contracts are also used when the seller is eager to sell and the buyer is not given enough time to arrange for conventional financing.

    There can be other advantages of using a contract for deed. When a third-party lender, such as a financial institution, provides a loan, this third party has its own interests to protect against the other two parties involved, the seller and buyer. Establishing the correct title and value of the property to be used as collateral is important to the lender.

    Lenders commonly requires title service including title search and title insurance by an independent title company, appraisal and termite inspection of the property to ensure it has sufficient value, a land survey to ensure there are no encroachments, and use of lawyers to ensure the closing is done correctly. 

    These third party lender requirements add to closing costs, which the lender requires the seller and/or buyer to pay. If the seller is also the lender, these costs are usually not required by the seller and may result in closing cost savings and fewer complications. It may also be the seller's position that if the buyer requires any of these services, he could pay for the costs and make arrangements himself.

    For properties where only relatively undeveloped land is involved and if the seller is willing to finance, the price of the empty land may be so low that the conventional closing costs are not worthwhile and can be an impediment to a quick, simple sale. Easy financing and a simple sale transaction may be a good selling point for a seller to offer a buyer.

    Minnesota contract for deeds may also allow the buyer to assign his equitable title/interest in the property to yet another buyer even before the loan is paid in full, subject to conditions in the contract for deed in MN, effectively reselling his equity in the property to the new buyer.

    SEARCH contract for deed HOMES FOR SALE 

    TWIN CITIES METRO AREA-SUBURBS-AND RURAL LOCATIONS

     

                                      ANOKA COUNTY CONTRACT FOR DEED HOME

     

    St.Paul contract for deed homes or Minneapolis contract for deed properties.

    Owner financing is a great way to get a home with out using a bank

    Less paper work

    Easier to qualify-cheaper closing costs

    Closing can be very quick if the property is vacant

     If home is vacant closing can be within two weeks for our customers.

    If you have properties you want to sell or you are having a hard time selling your house email or call us

    """NO BODY HAS MORE CONTRACT FOR DEED HOMES IN MN OR western WI THAN US""

    Owner financing is tricky and needs to be done with a Real Estate broker who specializes in contract for deeds.

                                      RAMSEY COUNTY CONTRACT FOR DEED HOME

    Located in the twin cities metro areas. Saint Paul is the 2nd largest city.

     

    We work with contract for deed homes in Minnesota & Wisconsin on a daily.

    BoardWalk Premier Realty INC

    Contract for deed Brokerage

    651-334-8312

    STEVE VENNEMANN

    WE WILL HELP YOU FIND properties of your choice.

     

     

     

                                      MINNEAPOLIS CONTRACT FOR DEED HOMES

    Housing has never been easier. Find all types of properties in suburbs-rural areas. Lofts-condo's down town.  

                                      CONTRACT FOR DEED HOME IN STILLWATER-WOODBURY-WHITE BEAR LAKE-COTTAGE GROVE-FOREST LAKE

     

     These properties are located in Washington County. Located in eastern part of the state.

     

     

                                      Contract for deed homes in Burnsville-Lakeville-Eagan-Apple valley-Mendota Heights

    Properties located in southern Minnesota- Dakota County.

     

    Types of properties you will find here.

    We work with buyers-sellers-rent to own-Vacation houses-lake homes-land-waterfront properties-acreage land. Contract for deeds -condo-town houses-real estate-Hobby farms-owner financing-land-New construction-acreage-lake view-access-river-single family Deeded access.

     

    BAD CREDIT-Self employed-relocating-short sale-Foreclosures tax issues.

     We can help you.

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