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Updated about 7 years ago on . Most recent reply

Elbert Crosby's profile image
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Elbert Crosby
  • Rental Property Investor
  • from Detroit, MI
  • Member since Nov 10, 2018

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Elbert Crosby's profile image
Elbert Crosby's profile image
Elbert Crosby
  • Rental Property Investor
  • from Detroit, MI
  • Member since Nov 10, 2018
Elbert Crosby
  • Rental Property Investor
  • Detroit, MI
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Innovative Strategies

Land Contract and Loans

Elbert Crosby
  • Rental Property Investor
  • Detroit, MI
Posted
Can I get a loan let's say to rehab a property on a land contract
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Don Konipol's profile image
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Don Konipol
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Don Konipol
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Don Konipol
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Don Konipol
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Replied

If you have purchased a property on a land contract, also called a contract for deed, then you have equitable but not LEGAL  title.  Since title is not in your name, you can not pledge the property for collateral.

  • Don Konipol
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