Re: Land Contracts in Detroit, Michigan - Posted by John Behle
Posted by John Behle on April 18, 2000 at 11:27:11:
You find land contracts the same way you find other notes. There are over a hundred sources. But, if you want to specifically find land contracts in a specific area, you can do that through the county recorder’s office or the computer.
Some systems let you search for “document type” and you can search for land contract, trust deed, mortgage, etc. Some sytems don’t let you do that.
Many county records are online now and web accessible. If that is the case, it might be easy to do. Otherwise, it may take some time to research at the recorder’s and much of the time it is too time intensive and too much work to justify it. It all depends on your local area and the systems they use.
You can also find land contracts sometimes through the MLS and “sold books”. Some contain the financing and terms of sale. You would then look for properties that sold with seller financing. There are also companies that provide lists, but they can be expensive, out-dated and have already been picked through, so be cautious.