Land Contracts! Everyone seems to have heard of them but are they really a good idea? Here are 2 common scenarios in which land contracts are often considered.

Seller wants to sell his/her home to a family member, is a land contract the best option?
Buyer can’t obtain traditional loan funds because of income or credit score, is a land contract my only option?

Join in and listen to Attorney Justin Bates with Real Estate Agent, Austin Solomon, on The Real Wausau Real Estate Show while they discuss land contracts in-depth. Together they will examine the legal ramifications of a land contract with topics including tax implications, existence of seller mortgages, impacts on credit scores, tax deeds, insurance issues, foreclosures and cautionary advice related to land contracts.

Click on the link below to listen to the full length podcast.