Forgotten Your Password?

Need to Register?

Question Icon

LAND CONTRACT BUYOUT?

will your company do a land contract buyout. I owe approx. 13000 on a house valued approx. 65000 by tom23write416 from Greenville, Kentucky. Dec 3rd 2018 Reply


Henry J Daniels, CMPSI, CMHS (HenryJDanielsNationalMortgage)
#13 ranked lender in Texas - 133 contributions

Land Contract payoffs can be refinanced into a regular mortgage in many cases. It would depend mostly on title issues. Feel Free to give our office a call at 936-228-1944 and we'd be happy to discuss your particular situation and recommend the best solution to you.

Dec 3rd 2018
0
0
Joe Metzler (JoeMetzler)
#2 ranked lender in Minnesota - 3,852 contributions

Contract for deed, sometimes also known as a land contract can be refinanced just like any other mortgage. All normal guidelines apply, plus these additional ones because it is a contract for deed. 1) Contract must be recorded at the county. 2) Contract must be at least 12 months old 3) No cash out 4) Must be able to 3rd party prove you made the payments (cancelled checks work well). For contract for deed refinancing in MN, WI, and SD, visit me at iMortgageJoe.com, or (651) 552-3681. NMLS 274132

Dec 4th 2018
0
0
Subscribe to our news feed.