When we sell properties in land trusts to buyers and finance them with existing financing that they assume. Most of these buyers have judgments due to prior foreclosures or credit problems.
These judgments will not attach to land trust properties.
These buyers are not bankable and they have down payments of 10% and up.
They are HAPPY buyers when they find a home they can purchase on terms.
it succinctly: naemly, that one only has to have not owned a home in the past three years in order to be eligible for the tax credit. Bravo for putting it out on video for all to see!
Your story was really informative, taknhs!