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Updated about 3 years ago,
Best Creative Financing contract in Ohio
I am in the process of looking at a 4/1 sfh for $64k. The seller is willing to sell on terms but has had bad luck with the contracts he has previously used. From my understanding there is a loophole in the Land Contract that made his previous tenants/buyers legally able to sell the house. Is this not changeable? Our realtor has suggested that we do a Lease Purchase contract.
I want us to both be safe. Additionally seeing as how I will be rehabbing the property before my terms are due with him, will I be safe to do this without him selling/helocing it from under me?