Posted on: 12th Dec, 2009 06:33 am
we had to go bankrupt in 2007 & in 2008 our home was forclosed. we recently tried to purchase another home & everything was looking good until the bank said where we forclosed on the other house we have to wait another 2yrs. My question is, what if we did a land contract, can we do this now & still have our name on the papers or do we still need to wait the 2yrs? :? [/b]
>>if we did a land contract, can we do this now & still have our name on the papers
Yes. The Land Contract puts you between the current leinholder and their bank, so the current lienholder determines your terms.
Yes. The Land Contract puts you between the current leinholder and their bank, so the current lienholder determines your terms.