How can I find sellers willing to sell homes through a land contract?

Asked by Tee, Detroit, MI Fri Oct 22, 2010

My husband & I filed chapter 7 bankruptcy back in Dec 08' and we included our home in the bankruptcy, we are still waiting on the foreclosure or sheriff sale to be processed on the home we are in however we know eventually we have to leave the property. The bankruptcy has been discharged for 1.5 yrs now but I know its going to be a few years of credit repair before we can get a conventional mortgage on another home. We arent looking to purchase anything too expensive mainly we are looking at foreclosures, short sales or for sale by owners around $40,000. And since we dont have $40,000 laying around anywhere we were wondering if we did a large down payment maybe someone would be willing to do a land contract for the remainder but we dont know where to go to find sellers that are willing to do a land contract or if this is even a realistic option for us. Please help!

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4
Letitia Patt…, Agent, Southfield, MI
Sun Oct 24, 2010
We've got listed as well as unlisted or private land contract homes in and around Metro Detroit. Your average downpayment should be 10-20% of the purchase price.

Click here to get a free list: http://www.landcontracthomesmi.com

Real estate hotline: 248.905.1531 to request more properties

Good luck!
1 vote
Jimmy Braddo…, , Detroit, MI
Sat Oct 23, 2010
Tee, there are listing in the MLS for land contract properties if you would like assistance with this please email me a jebraddock@comcast.net.

Thanks Jimmy E. Braddock
Jimmy E. Braddock Realty
1 vote
Ethan Wilkin…, , Detroit, MI
Tue Nov 30, 2010
Tee,

If you are still looking for a land contract. We are a private real estate company operating in Detroit and suburban areas. Check out my website, and feel free to contact me if you are still looking. If there is a home that you like it is possible we could work out a land contract on that home.

http://www.investcf.com
Ethan Wilkinson
ethan@investcf.com
313-570-8615
Web Reference:  http://www.investcf.com
0 votes
stan Inges, Agent, Detroit, MI
Thu Nov 18, 2010
Try your MLS with the Landcontract checked.(quick seach)
0 votes
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