Leslie, Myself and my grandfather sell several homes each year on land contracts. The biggest thing is money down. I like to get 5-10% down. This just shows that you are committed to the home. I only do 3 year or less contracts, so you need to ask yourself, "Can I have good enough credit in 3 years to pay off the land contract?" I currently have 2 homes that I would be willing to sell on land contracts if you are interested.... more
In our area there arent too many properties that make it too the tax foreclosure point. The main reason being that properties that get that far behind on their taxes usually have a significant mortgage as well. In which case the lender forecloses before the taxes have become that deliquent.
This doesnt mean they cant be found. One good resource for research is www.ioniacounty.org then click on their online services, you can find tax info, look at tax maps etc.... You can also find who to call about tax sales as well.
Of course another great source is a local real estate agent, so feel free to call me as well.... more
As soon as negative items are removed from your credit report (or anything changes on your credit report) your credit score should be impacted simultaneously. There is no delay from when an item changes on your credit report until your score is affected. I've noticed that sometimes a credit vendor (companies that mortgage lenders use to check your credit) will see a few day delay on certain changes though (First American CREDCO is known to lag behind the actual credit reporting agencies).... more