There are land contracts out there! don't forget that some offer the land contract and you have to refinance in 3 years when it is short term will you be able to fulfill that contract with that on your record. Just make sure the terms and financing are terms you are able to live with when the balloon or option comes up.
You've already got some good answers. Let me know if you need some personized help finding a land contract home. I helped a tremenous amount of people last year purchase this way and can help you as well. Last checked, there were about 97 homes with the possibility of land contracts.
Here for you,
Real Estate Doug
Doug Beiswanger, e-Pro, Agent
ERA Reardon Realty
910 N West Ave
Jackson, MI 49202
517-914-9555 or 877-644-6506
Production Realty, Headquartered in Jackson, MI. 517-879-4141.
Instead of paying that amount in renting an apartment, build your credit back and have something to show in the end... Your Own Home!
Cozy is a community located behind the Grande Golf Club. We have lots available that overlook the golf course. Cozy has a clubhouse with a pool, workout room, and banquet area. Reach me at 248-363-6111 or email@example.com for more info.
Rent to own is not a great option (for buyers in my opinion) and rarely ever works.
I can appreciate what you have been through. Land contracts today are more previlant due to the current market conditions. I would be more than happy to assist you in finding a home with land contract terms. Normally a land contract requires a down payment which includes a certain percentage rate, payment amount, & length of term for a balloon payoff. Can you tell me what terms may work for you? Please email or call me. The company I represent is Edward Surovell Realtors. We are very well known in south eastern Michigan. I appreciate the opportunity to help you. Thanks, Nathan LaZebnik
Here in the state many sellers/owners are aware that some of our citizens have credit that is not stellar.
With the high job turnover in the area, owners have found working with buyers using other criteria is important.
Many are willing to overlook bad credit scores. And also accept bankruptcy and foreclosure.
Buying a home with a land contract or a lease option makes it possible to buy a home from the owner.
A land contract or a lease option does involve an application process. References will be verified.
Your source of income may be confirmed. Your current housing record may be checked for the last 2 years.
Court records and other resources may be checked to see if you have ever been evicted.
For a list of homes available with land contract and lease option in SE Michigan, contact:
Cell (248) 931-0084
REAL ESTATE AND FINANCE IN ONE
34 S. Telegraph Rd
Waterford, MI 48328
Office (248) 886-0000