Property Q&A in Green Bay>Question Details

Chrisbecky, Home Buyer in Green Bay, WI

Hi there, Is this property a possible land contract? If so, what is the criteria that needs to be met? Any information would be appreciated! Thanks

Asked by Chrisbecky, Green Bay, WI Sun Aug 7, 2011

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Land contract's have made a bit of comeback since mortgage lending tightened up. However, most sellers are not willing to finance it themselves but it is always no unless you ask. I would agree with Nan and contact the listing agent. Also, I would say work with your agent and let them know you are interested in seller financing.

In the meantime, work with a trusted mortgage professional to get whatever is needed done to qualify for a traditional loan.
0 votes Thank Flag Link Mon Aug 8, 2011
Hi Chris and Becky, I would suggest contacting the listing agent. When I have homes for sale on a land contract we usually ask for a non refundable down payment which will go towards the purchase price (if you end up purchasing it and a one year contract max along with a letter from a bank that states you will be able to secure a loan in one year or less. If I can help you with anything else dont hesitate to contact me direct. My contact information is on my website below. Best Wishes
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0 votes Thank Flag Link Sun Aug 7, 2011
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