Legal Question in Real Estate Law in Ohio
Can I purchase another home if I sell my current one under Land Contract?
Asked on 4/19/10, 9:20 am
1 Answer from Attorneys
Harold Paddock
Harold Paddock Co. LPA
Your question might be more of a financial one than a legal one. Can you afford to buy a new home while selling one on land contract? You don't offer many facts, but there should, in general, be no legal barrier to buying a house in the manner you describe. There may be issues with qualifying for a mortgage loan, but you should discuss those with your potential lenders.
Answered on 4/26/10, 7:45 am