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issues : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

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Should I Buy With A Land Contract?

A “land contract” – also known as a “contract for deed” or “agreement for sale” – is a way to buy property on an installment basis. You make payments and then after some or all payments are made you get title.
This form of buying raises a number of concerns:

Suppose you miss just one payment [...]

4Dec2008 | Peter G. Miller | 0 comments | Continued
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What Should I Ask When Buying A Co-op?

Co-op ownership raises a number of issues which should be of concern:

•  What is the sale history for the entire property during the past year?
What is the value per unit of the underlying mortgage?
•  What is the voting scheme — one vote per unit or voting based on unit size?
•  Is there [...]

30Aug2008 | Peter G. Miller | 0 comments | Continued