MICHIGAN LAND CONTRACT BUYERS, L.L.C.
Since 1996
HOME OWNER LAND CONTRACT REHAB PROGRAM
Benefits to the Buyer-Homeowner:
- You get a fully fixed up home the way you want it
- You get a low monthly payment with no PMI (Private Mortgage Insurance)
- No money out of your pocket, and have no money in the home
- You will have equity in the home
The Home Owner Land Contract Rehab Program is designed to help homeowners take advantage of the great deals on bank-owned homes that we have in Michigan. The buyers need only a small down payment and can fix it up the way they want the home to look. The buyers may get all their money back they have invested in the home, so they could have no money out of pocket.
The buyers could have a fixed up home with equity and a low payment with no PMI and no money out of their pockets.
How a MLF rehab program works:
Let's say the buyers found a bank owned home that needed repairs. MLF buys the home and sells it to the buyer on land contract with a small down payment.
The land contract is for 24 months at 11% interest only and there is a $5,000 discount if the land contract is paid off in 6 months or less. In some deals there may be escrow fix up money.
We fix up and refinance the home and you get the best of:
- You get a fully fixed up home the way you want it
- You get a low monthly payment with no PMI (Private Mortgage Insurance)
- No money out of your pocket, and have no money in the home
- You will have equity in the home
Questions? Call Alan at 248.363.0100 or email afaitel@yahoo.com