my name is Dan, i work at US Steel, in Granite City...not trying to make a bunch of money just, wanting a quick solution to an extra home in a great neighbor!
Before you go contract for deed be aware that there is a reason seller is willing to take huge risk. And also that you also are risking your down payment - usually 10%. Now is such a great time to buy, Staunton will qualify for a rural development grant and you could get in for no down payment and great terms. Do you know your purchase power? Get your self to the bank or mortgage company. Give me a call direct and I can refer someone close to you. There are lots of reasonable priced properties in Mac. co.
Looking forward to chatting with you.
Be careful with rent to owns. In this economy I have seen too many home owners taking huge deposits and then they stop paying the mortgage. Next, the property falls into foreclosure. Make sure if you find one, you look into any and all loans on the property, so you do not fall victim to this.
Best of Luck,