Creative Investing A creative way to purchase a property when a traditional loan or a non-conforming loan is not available to the buyer is the land contract. A Land contract structure basically allows the buyer to make periodic or monthly payments to the seller with-out transferring tittle to the property, transfer only occurs when buyer has fulfill all the obligations established under the Land Contract. Another advantage to a land contract is that there are minimal closing costs and will help buyer to establish a good payment record and improve the credit score and rating, normally this is done with the intention to refinance at a later time to a traditional or non-conforming loan. There are some risk associated with land contracts since is no way to make sure that seller will be abl...
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