MN HOMES CONTRACT FOR DEED
A Contract for Deed allows a Buyer to purchase a home without obtaining a Mortgage. The home Seller becomes the lender to the Buyer, sometimes known as Seller financing.
QUALIFYING FOR OUR CONTRACT FOR DEED PROGRAMS
* Money down is usually around 10% of the sale price of the property.
* Sometimes a Bank statement or Tax return to show you have the down payment .
Credit usually isnt an issue.
If you have 10% down of the sale price of the house you are seeking.
We will find you a house..
We have helped people buy a home with Owner financing with Foreclosures-
Short sales-Bankruptcy. Also clients who are in the middle of foreclosure regardless of your past or current situation we should be able to find you a home with cd terms if you have 10% down or more of the sale price of the house.
Contract for deeds in Minnesota can close very quickly if the property is vacant as fast as 7 days.
Contact us today we will help make your dreams of owning a property come true.
BOARDWALK PREMIER REALTY INC
Steve Vennemann (651-334-8312) BROKER
I have been in business for over 20 years. I work with Owner financing daily in Minnesota and Western Wisconsin.
Contract for deed 3209 3rd Avenue S, Minneapolis MN 55408
Contract for deed 6804 W 26th Street, Saint Louis Park MN 55426
Contract for deed 5449 Lost Lake Lane, Mound MN 55364
Contract for deed 3375 Creekview Terrace, Minnetonka MN 55305-3671
Contract for deed 4668 Linden Trail N, Lake Elmo MN 55042
Contract for deed 1373 S Trail Drive, Faribault MN 55021-7070
Contract for deed 2081 5th Street, White Bear Lake MN 55110
Contract for deed 486 Walker Drive, Vadnais Heights MN 55127-7939
Contract for deed 2038 California Avenue E, Saint Paul MN 55119
Contract for deed 16197 Flagstaff Court S, Lakeville MN 55068-1263
Contract for deed 626 4th Avenue NW, Faribault MN 55021
Contract for deed 7724 Abbott Avenue N, Brooklyn Park MN 55443
Contract for deed 14003 202nd Street N, Scandia MN 55047
Contract for deed 1813 Van Buren Avenue, Saint Paul MN 55104
Contract for deed 5060 W 145th Street, Savage MN 55378
Contract for deed 6234 River Mill Drive, Monticello MN 55362
Contract for deed 4731 Spring Circle, Minnetonka MN 55345-3416
Contract for deed 15480 E Sunrise Circle, Eden Prairie MN 55347
Contract for deed 6441 Fox Drive, Chanhassen MN 55317-4590
Contract for deed 7901 Lad Parkway N, Brooklyn Park MN 55443
Contract for deed 1111 Breen Street, Saint Paul MN 55106
IS CONTRACT FOR DEED THE RIGHT OPTION FOR ME?
If you want to own a home verses renting or rent to own-leasing then cd is the best option.
Bennefits of contract for deed buyers
- Tax bennefits write off the cd interest on your tax returns.
- Make the house your own painting-adding a fence ect-pets ok
- Build equity verses paying off some elses mortgage.
- Save $1000 on closing costs- NO origination fees-lender fees.
- NO BANK Qualifying
Contract for deed is a great alternative financing program. If you cant get a mortgage why would you want to keep renting if you have money to put down on a home. Alot of people with good credit are also buying homes on a cd due to FHA mortgage insurance. The Mortgage insurance payment on a $200,000 can be $250 amonth that is alot of money for 30 years. Alot of buyers refinance into a conventional mortgage towards the end of the 5th year of the contract. The rental market is really expensive right now it costs more to rent a home in the twin cities metro area’s than it costs to buy one. That is something to think about.
***Remember there is alot to know when buying or selling a Property with contract for deed terms. We can take the stress out of researching properties for you.***
- Sellers have the right to cancel a MN contract for deed 60 days after default seek legal advice on that. Buyer may sign back the contract with a quit claim deed. Seek legal advice on that also.
Homestead sometimes when you buy a home it is non home stead the buyer can call the county or city the property is in and see what the taxes would be once it is homestead. Record the contract for deed it is the law in MN but if you close at a title company or law office they will do it for you.
BUYING A HOME CONTRACT FOR DEED USING BOARDWALK PREMIER REALTY INC
We work with installment contracts-purchase money mortgages daily. There is a lot to know when drafting the purchase agreement and land contract.