Creative financing is an option if the owner of a home needs to sell their house fast (for whatever reason, usually financial, especially in a slow real estate market), and they have found the buyer, but the buyer cannot qualify through a conventional loan.  There could be many reasons why the buyer does not qualify, but the majority of it is that with the new lending standards being implemented, less and less buyers are qualifying for the tighter lending criteria.  But there will always be home sellers and buyers, so there are ways to structure the purchase transaction to create a "win-win" situation for both buyer and seller. 

There is the lease option, where the buyer leases the property for a certain period of time, and then has the option to buy the house once their credit passes the lending standards or they have saved up enough money.  Another way is the owner carry, or owner financing where the owner carries the paper until the buyer is able to cash the owner out or get a conventional loan. 

No matter what circumstances the seller or buyer is in, there is always a way to solve the problem and make the home purchase happen.  For owner carry homes or lease options in Eureka, CA and the rest of Humboldt County, please feel free to contact me at 866-875-2279, email: lucky@luckystarrealty.net or visit www.luckystarrealestate.com .