Stop by to schedule viewings to open houses in Humboldt County at Phillipsville, CA, or use our quick search and contact us with the submission form regarding your interests and one of our agents will get back to you.

We've also compiled a glossary of relevant real estate information for Phillipsville, CA, and surrounding areas, that can answer a lot of questions you may have when searching for properties in the coastal Northern California area.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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George J. Rolff & Melinda D. Rolff
Broker/Owners
Country Real Estate
Lost Coast Properties
BRE #01044609 & BRE #01453596

Email: geoarltr@ucre.com & melinda@ucre.com
P.O. Box 501 Garberville, CA 95542
Phone: 707-923-2725 Fax: 707-923-4955
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Land Contract

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the land contract obligations.

A land contract can be helpful for those who need time to establish or improve their credit rating. There are only small closing costs, and payment can help establish a good mortgage payment record. This can help establish an overall good credit rating, and it is possible for the buyer to later refinance the land contract with a conforming loan.

On the other hand, there are risks associated with land contracts. Land contract purchases are not necessarily recorded in the public record, and there are no guarantees that the seller will be able to transfer a clear title to the buyer upon fulfillment of the land contract. There also is no lender assuring that the purchase price for the property is justified, and no inspection of the property’s condition.

Another alternative to a non-conforming loan is assuming the seller’s mortgage. By assuming a mortgage, if the mortgage is assumable, it is possible to save on closing costs, and may allow you to obtain a favorable interest rate.

Back to Table of Contents

Stop by to schedule viewings to open houses in Humboldt County at Phillipsville, CA, or use our quick search and contact us with the submission form regarding your interests and one of our agents will get back to you.

We've also compiled a glossary of relevant real estate information for Phillipsville, CA, and surrounding areas, that can answer a lot of questions you may have when searching for properties in the coastal Northern California area.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

.

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