You have probably ascertained that the installment contract, although useful and profitable, can be very complex. An experienced real estate attorney will be necessary. A sample installment agreement is available in the Sample Installment Agreement file. We have also provided the Sample Agreement Proposal, which, as the name implies, offers a sample proposal letter that you can present to the seller.
Please remember that regardless of your credit situation, there are ways to buy a home or invest in real estate. The "Damaged Credit Options" article offers a thorough discussion of the many options and alternatives available for prospective investors, homeowners and borrowers who have damaged credit.
If you are interested in testing the water to determine for what type of mortgage loan you can qualify, please complete either the Preapproval Application form. We will obtain a preliminary approval for you, based on the information you provide in the application. There are no obligations on your part. You may decide to cancel at any time until the closing, with no penalty.
If you are serious about using installment contracts to acquire investment real estate, please take the time to review the "Creative Real Estate Investing Guide" in the "Real Estate Investing" section.
We hope that you've found our Mortgage and Real Estate Resource helpful and informative. We welcome all comments, critiques and suggestions; please send emails to [email protected]. Remember that whether your are buying a home or an office building, you are investing in real estate. As with all investments, the best investors are those who can gather the most knowledge, tools and resources. Regardless of whether you use our lending services, please spread the word about our resource center to anyone you know who may benefit from our site.
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Discover the Jealously Guarded Insights of Real Estate Tycoons and Hot Dealers! Back in the days of the wild, Wild West, when easterners traveled across this vast country looking for opportunity in the newly opened territories, they were often referred to as a ‘tenderfoot’.