Dawn
My husband and I sold a home in 1994 using a land trust through a local Realtor. It was a smooth transaction that lasted 9 years. The buyer had a few credit dings and could not get financing approval because of alimony/child support issues. We took a chance and even extended the agreement 4 more years past the due date. Our buyer was never late on the the payments, not once. The transaction could not have been more perfect for either of us or the original buyer.
Currently, we live in Mission Viejo, CA and would like to try and sell our home again, using a land trust. However, we have been unable to locate a local Realtor who is familiar with equity/land trust financing. Can you suggest anyone we could contact?
Thanks for your help.
Kay
I’m glad that you have had a great experience with the equity holding land trust. The technique is definitely becoming highly relevant again.
It’s unfortunate that many real estate professionals do not embrace these creative exit strategies more aggressively. These days, you really need an agent that is well-versed in all types of seller financing. I’m sure I can help you locate someone in your area.