Prospective homeowners who can't qualify for a home loan are often desperate to find options that don't involve a bank or mortgage lender. An alternative called contract for deed started booming after ...
The Minnesota Attorney General's Office is investigating potentially exploitative real estate transactions that have targeted Somali and Hispanic immigrant homebuyers in the state. The attorney ...
1. Default has occurred in the Contract for Deed ("Contract') dated November 23, 2020, in which RHEESE CARLSON and JESSICA J. CARLSON, as Seller, sold to TANYA MINISSALE, as Purchaser, the real ...
For years, we have read stories about the mortgage crisis — homeowners in foreclosure, subprime lending, and banks in distress. But in South Texas, there is another major mortgage problem that gets ...
This home in Haysville was rented in 2021 using a lease with option to purchase, a unique payment structure that can be similar to a contract for deed. A new law regulating contract for deed home ...
Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free, but pays the ...
A year after moving into her white brick house in suburban Robbinsdale, Jennifer Gaines got a letter that turned her life upside down. She was facing foreclosure -- even though she was current on her ...
EDITOR’S NOTE: This is a weekly series of columns written by attorneys at Lester, Loving & Davies law firm in Edmond. Q: I am thinking of selling my house and providing owner financing. I have heard I ...
New mortgage underwriting criteria went into effect Jan. 10 requiring a debt-to-income ratio of less than 43 percent for most qualified mortgages. Even if you don't qualify for a mortgage under the ...
Some people who can't qualify for a mortgage, turn to a thinly regulated arrangement called contract for deed. Similar to renting to own, it rarely results in a buyer taking possession of the home.