Legal-Ease: Looking at land contracts

The financial crisis of the last several years has left many people with less than stellar credit. While we have quite a few flexible, community-based lenders in our area, the newest rules and regulations regarding lending may tie their hands and may prevent potential loans from being workable. Therefore sometimes potential buyers of homes cannot secure the proper financing in order to purchase a home. This is when a land contract may be a good solution for the home buyers and sellers.