Home Buying in Springfield>Question Details

Drb1016, Home Buyer in Springfield, OH

We are looking for a home to purchase on land contract. Can you please tell me the best way to locate one?

Asked by Drb1016, Springfield, OH Thu Aug 13, 2009

We need a contract for 2-4 years is this possible?

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Drb owner financing is a little hard to find right now but not impossible. Please be careful as there are some people that will sell a home on land contract and then look for any way that they can to evict the buyer/tenant before they have reached the minimum equity possition in Ohio. You wouls also want a legal professional to set up a system where you pay monthly to a third party who also takes care of making the mortgage payment for the seller. There is a property about a half mile from where I live that was sold on land contract last year. The seller somehow did not make all their mortgage payments and now the buyer is suffering because the seller is forclosed on.
Web Reference: http://www.Find1Home.com
0 votes Thank Flag Link Fri Aug 14, 2009
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