When buying land or a building for your business you have another option besides securing a traditional mortgage. Land contracts provide property buyers with an opportunity to buy a tract of land or a ...

Land contracts can be an option for people who don't have the financial means to qualify for a traditional mortgage. With this type of arrangement, the homebuyer makes payments directly to the seller, ...

The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum. In June, homes sold under $100,000 fell by 27% compared to a year prior whereas ...

If you're hoping to buy a building for your business, owner financing is one option. When the previous owner finances your purchase, you avoid the inconvenience of qualifying for traditional financing ...

Also called an installment land contract, contract for deed or contract for sale, a land contract is a property sale where the seller holds the title of the property until you have paid for it. Absent ...

Long-term interest rates remain at record lows, and there are no indications they will rise anytime soon. But because of strict lending requirements, potential home buyers must have pristine credit to ...

A scary dream is called a nightmare; a frightening movie is called a horror flick; and a terrifying way to buy a home is often called a land contract. With a land contract, you can have the ...

A land contract is a method of purchasing or selling a home without going through a bank or lender. They became popular in the late 1970s and early 1980s when interest rates were higher and ...

Thousands of Detroiters who have used nontraditional contracts to become homeowners have been largely boxed out of financial relief during the COVID-19 pandemic, according to a review of federal ...