Have a question about a land contract.
I do not have a contract on this place, and know a couple trying to lease out or land contract their place. I put out an ad on CL for them as a favor so their neighbors wouldn't know. I rec'd a call from a serious buyer and gave him their number.
The buyer is from Minnesota and wants Ann's place. He offered them a price they liked, and wants to give them $7500.00 on Saturday along with $1500 a month for the payments. And every 6 months another $7500 until they sell their home in Minnesota. They also presently rent another place in Minn and was transferred to Wis.
Looking at the contract on this site, can that be used for payments till financing?
They want to move in by May 1st.
Being from out of state, how can we check on them to be sure these people can do this.
Ann called her bank and the girl said, they usually aren't told about a land contract. People just do it.
The bank said they would call her back because they weren't sure if they needed to be involved.
They are calling an atty for writing up the contract.
Sandi
Have a question about a land contract.
I do not have a contract on this place, and know a couple trying to lease out or land contract their place. I put out an ad on CL for them as a favor so their neighbors wouldn't know. I rec'd a call from a serious buyer and gave him their number.
The buyer is from Minnesota and wants Ann's place. He offered them a price they liked, and wants to give them $7500.00 on Saturday along with $1500 a month for the payments. And every 6 months another $7500 until they sell their home in Minnesota. They also presently rent another place in Minn and was transferred to Wis.
Looking at the contract on this site, can that be used for payments till financing?
They want to move in by May 1st.
Being from out of state, how can we check on them to be sure these people can do this.
Ann called her bank and the girl said, they usually aren't told about a land contract. People just do it.
The bank said they would call her back because they weren't sure if they needed to be involved.
They are calling an atty for writing up the contract.
Sandi