Regardless Of Past Credit! You Can Still Own A House “CONTRACT FOR DEED MN”
You can search Minnesota Real Estate by Counties with the click of a button. Just click on any county you want to live in and away you go. Information on the latest contract for deed information-NEW LISTINGS Direct by owner financing.Usually no banks are involved sometimes a local bank will offer contract for deed financing but not too often. You can find 100s of the latest listings.
MINNESOTA HOMES CONTRACT FOR DEED
A Contract for Deed allows a buyer to purchase a home without obtaining a mortgage. The home seller becomes the lender to the buyer, sometimes known as seller financing.
It is similar to a mortgage except the buyer and seller sign a contract for deed and the buyer agrees to pay for the property in installments to the home Owner/Seller. The seller holds legal title to the property while the buyer holds equitable title.
Equitable title allows the buyer the right to enjoy all of the benefits of home ownership during the course of the contract. At the end of the contract term the buyer can pay the remaining balance in cash or refinance the balloon payment to pay off the seller and become the owner of the legal title. Or the buyer may let a new contract for deed buyer assume the existing contract for deed or sell the property out right and keep the proceeds above the amount left on the contract.
The types of properties you will find on our site is Condo’s-town Homes-cabin-Single family Real Estate-Lakehouse-Investment-Hobby Farm-Acreage-Detach homes.
QUALIFYING FOR OUR CONTRACT FOR DEED PROGRAMS
* Money down is usually around 10% of the sale price of the property.
* Sometimes a bank statement or tax return to show you have the down payment .
* Proof of employment.
DONT WORRY WE CAN FIND YOU A HOUSE ON A CD EVEN WITH A FORECLOSURE,BANKRUPTCY. CLOSE AS QUICK AS 7 DAYS IF YOU LIKE IF THE PROPERTY IS VACANT. Good or bad credit we will find you a house if you have the 10% down of the sale price of the house you are seeking.
Other programs we have are FHA-Conventional-VA-Rural-first time home buyers-Bad credit financing.
Buyers with a 580 credit score still have a chance to get a mortgage in some instances I work with lenders that can help make that dream a reality. If that doesn’t work for you we can always work on getting you a contract for deed property.
“Dont fall for advertisements of buying any home of your choice” these people buy homes and sell them back for you for a premium they are investors and charge alot more than they just bought them for”
Also the rates are usually higher than what home owners or builders will charge you.. We prefer to work with the home Owners directly or the listing agent’s.
There is alot to know about owner financing dont go in to a contract for deed situation with out a real estate broker. We work with contracts daily and it is free of charge to use a buyer broker.
If you are thinking of selling a home with contract for deed terms call us we will help get your property SOLD.
“JUST REMEMBER IF THE DEAL IS TOO GOOD TO BE TRUE IT PROBABLY IS”
Always record the contract for deed.
Use a title company or law office to close the transaction.
Use BOARDWALK PREMIER REALTY INC
Steve Vennemann (651-334-8312) BROKER to draft the purchase agreement and draft addendums.
Do a home inspection.
Does the house need a well or septic test the list goes on..we are a fulls service real estate company an I have been in business since 1996.