January 16th, 2010
Can anyone direct me to resources on how to sell property on land contract?
I am going thru a forecloser due to medical circumstances, my lender has been trying to work with me, the only option I see at this point is selling on land contract using the down pmt to catch up the mortage, I have no idea how to pursue this thought. Can anyone help me? selling on land contract I was hoping would help rebuild my credit and easier to make a quick sale then the cost of realator and waiting for traditional sales market. Any ideas?
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Filed under: Sell Property
your problem is you are in foreclosure. the mortage holder would have to agree to let the person take over the payments if the transaction is to be recorded in your legal system of real estate. so you would have to find a investor that is interested in your property.