land contract

[Charles P]

im renting a house and the owner wants to sell it to me. I don't have good credit or a down payment. He mentioned a all inclusive trust deed or a land contract, but his fear is that his lender can trigger the due on sale clause. any recommendations returned no results.

[William Bronchick]

His first mistake was calling his lender. They always say no, but they never do anything.

Exceptions - private lenders, state-sponsored low-income programs, credit unions.

In CA there's another option which is to do a land contract, but instead of recording the contract you record a 3rd trust deed that secures the contract. That way you are still in a protected position, albeit in third.