Posted by Nathan on November 04, 2000 at 14:07:07:
Is your deal DEAD? Or, do you still have communications with the person whom you where doing the deal with? If you still can talk to the seller, you can salvage the deal.
When your seller is scared, put them at ease. Now, go to the part of C/S Course where it explains about “Land Contract”. Explain to the seller that, you can limit their RISK, and they will not have any hassle at all taking back the property in the case of Default, because in a “land Contract” the seller keeps the TITLE, until the last payment is made. This way when you and your husband make the final payment, they (sellers) deed you the property.
Always Remember “Land Contracts” work in your favor in both buying and selling situations.
I’m no GURU, just someone who invests from time to time. It may be to your advantage to research this stubbling block further, and just take time to look at it from a Different Angle.