A land contract provides a rent-to-own structure which enables someone to purchase real estate with little to no cash down payment. Called contracts for deed or land installment contracts in some states, land contracts require the buyer to make monthly payments towards purchase of the real estate to the seller. Part of each month’s payments
Seller Financing Back in Vogue
May 19, 2011 by
In one of the more interesting quirks of the housing market crash, it appears that a growing number of sellers are stepping in to offer mortgage financing to potential buyers in order to actually get their home sold. With more foreclosures and bankruptcies blotting the credit histories of so many potential buyers, it’s become incredibly