Is there any houses in that area on land contracts?

Asked by Ronald88, Belding, MI Mon Apr 9, 2012

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3
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Tue Apr 10, 2012
Interest rates on traditional mortgages are at a lifetime low. The fact that you are asking about a land contract is a signal that you can’t qualify for a mortgage from a lender. Any attempt you make to work around the system dramatically increases your risk, sometimes to the point of hitting a zero chance of success. Make sure you protect yourself, get an appraisal, a title report and title insurance if possible (depends on the contract if this is available). Make sure the seller doesn’t have a mortgage that contains a due-on-sale clause or you both could lose.

Basically, learn as much as you can about what you are trying to do. I linked some info below regarding lease options and rent to own, the people seeking those are trying to do the same thing you are, just a different path. The info pertaining to them may protect you as well, good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time.
1 vote
Sonya Loose, Agent, Beaverton, MI
Tue Apr 10, 2012
Hi Ronald, one place you can search for available land contract listings is at http://www.roselandco.com . Click on the state of Michigan and then search by your county of choice. These are all foreclosure listings that are available on land contract terms. Good luck!
1 vote
Amy Vankleeck, Home Buyer, Caloosahatchee, Cape Coral, FL
Mon Oct 1, 2012
There might be a land contract available on a home on Brown Rd. in Fenwick...not too far from Belding. Email if interested in a 3 bedroom modular with garage on a full basement. amy_vankleeck@yahoo.com
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