Your best bet is to connect with a good local agent that has a strong lender relationship that can advise you on credit repair and evaluate your credit with a goal in mind. Once the credit issue is handled and you are on a plan than your agent can advise you on what type of property would be best for you to purchase with your new credit profile. If you are not aware of a reputable agent, I can put you through our agent referral network. The best of luck to you!
Ines Eiras, Certified Distress Property Specialist, Prudential California Realty- Pleasanton CA 510-305-8128
The other things to consider is that most sellers will want a signifcant down payment on a land contract (usually 10-20%), the interest rate is typically higher than a bank and will have a balloon payment due after a certain amount of time. If down payment is an issue then a lease option would be the next option to entertain.
Feel free to call me if you have any other questions.
First step is to find out what your credit score is which you may have already done. A good lender will give you a game plan to improve your credit score and put you on track to purchase your own home.
Land contract could be an option. You want to pick a local agent first that knows the market and can run a listing report of all listings that could accept a land contract. .
Contact me anytime if you have any additional questions.