2006-06-29 06:53:23 · 4 answers · asked by cassie a 1 in Business & Finance ➔ Personal Finance
Wonder if you mean, "A Contract for Deed".
You really do not have a debt on the land in that case. You do not own it, and will not until it is paid in full. This is a little like lawaway. You may pay "on it" for a time, but it will not be yours until paid. If this is the case, I don't think the balance of the "land contract" would qualify for consolidation. A lender would really be financing the balance of the contract. If it has a market value above the balance, you may get a lender to do that, and consolidate, depending on the value, which fulfills security requirements.
2006-06-29 07:14:57 · answer #1 · answered by ed 7 · 0⤊ 0⤋
Do alot of research before doing anything. Also get it inspected and title insurance company to help.
Do the math.
2006-06-29 15:49:54 · answer #2 · answered by Shirley B 3 · 0⤊ 0⤋
Lump everything together with the same firm. That way you only have one bill per month.
2006-06-29 13:57:35 · answer #3 · answered by Chuz 1 · 0⤊ 0⤋
There is some useful advice here.
2006-07-02 11:23:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋