Ive had my house ont he market for 5 months and barely a bite. I have had several inquiries asking if i would consider selling my house on a land contract or something similar. I currently owe about 10 years on a 15 yr note. I’m aware that by selling my house like this, my bank could call the loan due.
I guess my questions are 1) can the buyer get a homestead exemption on the house, if i still ahve the deed? and 2) Who would responsible for the insurance? COuld i get like a policy similar if I were to rent the house? would that be sufficient?
Any help appreciated!