CONTRACT FOR DEED
What is a contract for deed?
Contract for deed is a way of purchasing a home from the seller without getting an actual mortgage from
a lending company.
Normally Contract for deed sellers want 10% down but sometimes sellers are more lenient on Contract for Deed homes depending on your credit and time of the balloon payment.
Why would a seller want to sell you the home if you have bad credit and only 10 % money down?
Most people are aware that hiccups come up in life and lead you to having bad credit whether that is with a divorce situation, a loss of a loved one or even a loss of a job.
When you have money to put down and are working on building your credit back up normally contract for deed sellers are ok with selling their home to you knowing that within 3-7 years you will qualify for a loan and pay them the rest of the money you owe on the home.
I am an expert in helping buyers find contract for deed homes!
Call me today and I can help you get into a home in as little as two weeks!
Chuck Re/Max Results 612-290-3809