A Mortgage Alternative for Lower-Priced Homes Comes With Risks
Briefly

About 1.4 million Americans have active land contracts, offering quicker arrangements and lower upfront costs than traditional mortgages, especially suitable for those with poor credit.
Pew Charitable Trusts report warns that although land contracts lack consumer protections, they appeal to buyers facing difficulties in qualifying for standard home loans.
Read at www.nytimes.com
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