Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Vinemont : Real Estate Advice

  • All2
  • Local Info0
  • Home Buying0
  • Home Selling0
  • Market Conditions1

Activity 1
Thu Apr 10, 2014
Simon Campbell answered:
Look for homes that have had a NOD (Notice of Foreclosure) filed against them. This means that they are behind in their payments - sooner their filed the better. You can then approach the homeowner and ask them if they have considered selling their home on an option or land contract? Your rental payment should equal their mortgage (or a little more to cover taxes and insurance) and you agree to buy the home after a couple of years. Your "down payment" should be used to bring the mortgage current. Win Win. ... more
0 votes 1 answer Share Flag
Search Advice
Home Buying in Vinemont Zip Codes