Lease Purchase or Land Contract

By
Real Estate Agent with OwnerLand Realty SAL2006007409

As more and more people are having difficulty keeping up with their bills and especially mortgages, the foreclosure rates continue to climb.

As a result of these things, more people are looking for homes on land contract or lease purchase options.

My business partner and I work with numerous buyers and sellers of these types in addition to the traditional way of buying or selling.

If you don't need a LP or LC and are "close" to being able to obtain a mortgage, we do have a lender who can provide a mortgage if your payment history is in good shape and you have at least a 600 credit score.  the majority of lenders are now requiring a 620, so this could be a big break for someone who's close to that, but not quite there.

If we can be of service, please let us know.

Comments (1)

Roger Johnson
Hickory Real Estate Group - Hickory, NC
Realtor - Hickory NC Real Estate

Alternative financing will become more popular as long as conventional lending continues to tighten standards.  You may be interested in my new blog series The Quick Guide to Lease-Options

My goal is to offer a simplified approach to understanding lease options as well as why some may choose to utilize them.  Hope it helps.

Oct 14, 2010 02:33 AM

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