I recently prepared a land contract for the Seller of an investment home to her current tenant. As part of the process, I drafted a Memorandum of Land Contract for the parties’ endorsement.
Today’s question comes from Greg in Livonia who says, “ I’m considering purchasing a home with my fiance.
The seller is offering a rent-to-own program.
What I want to know is there a difference between a rent to own program a land contract.
At this time we don’t qualify for a traditional mortgage, but we are working on that with our loan officer.
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