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Updated about 11 years ago,
land contract only option?
I have a couple who recently contacted me saying they did a lease option to buy on their current home and the landlord stopped paying so the house went into foreclosure and now the bank has it back. The bank wants them to move so that they can sell the house for 65000 to 80000. The couple can't reapply for a mortgage for a year so they want a land contract. How can I structure this deal to find them a property? I have an investor who can get just about any house with 30 percent deposit