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We will buy out your land contract or seller financed note |
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Category: Total Views: 508 Member Comments: 0 |
Posted on: 03/13/2009 Posted by: Eastern Michigan Investments, Inc. Blog Points: 119 View all blogs >> |
Do you have a land contract or seller financed note you are collecting on or want to sell your house on using a land contract or seller financed note and get paid off? We can help!!! Eastern Michigan Investments, Inc. can turn that land contract or seller financed note into cash.
If your buyer meets the following requirements, we can buy out your land contract/seller financed note:
· 620 middle credit score – Owner Occupied
· 660/680 middle credit score – Investment
o Credit scores lower will be considered on case by case basis
· Able to go Full Doc
· Verifiable Rent or Mortgage payments
· 2 years verifiable employment – self employed OK
· No unpaid child or spouse payments on credit report
· Collections or charge offs must be paid before closing or be on payment plan (6 months), except for medical, we ignore medical collections
· No unpaid judgments or tax liens
· Must be able to pay 1 months principal payment at time of close and prepaid 1 year homeowners insurance
Program info:
· Mortgage rates between 7.5% (OO) and 8% (NOO)
· 30 Year Fixed Loan
· No PMI
· No escrows
· No Prepayment Penalty
· No Balloon
· Low closing costs (no points or origination fees)
· Can close in 2 – 4 weeks
· We do not give a letter of intent unless we intend on closing!!!!
Eastern Michigan Investments, Inc. also offers Hard Money, Conventional Loans, Investment Properties and more.
If you have any questions or you would like more information on our programs, please e-mail us at info@easternmichiganinvestments.com or call 248.453.5336.
You can also visit our website at www.easternmichiganinvestments.com
Thank you,
Scott Walter
Eastern Michigan Investments, Inc.
248.453.5336 – Office
248.659.1630 - Fax
Scott Walter
Eastern Michigan Investments, Inc.
248.453.5336 – Office
248.659.1630 - Fax
