Legal Question in Real Estate Law in Pennsylvania

My husband and I are interested in purchasing a property located in a flood zone. We were approved for a USDA mortgage, but USDA will not finance a flood plain property. We love the house and would like to approach the sellers about owner financing or renting to own. Could you explain how both of these options work, and pros/cons. Also, could you counsel us on the best way to approach the home owners? We would like to be as educated as possible before contacting them. Thanks for your help!


Asked on 12/04/13, 10:24 am

1 Answer from Attorneys
John Davidson Law Office of John A. Davidson

If you making a major investment in real estate where is your attorney? What you're doing is making at least from the buyers viewpoint a simple we know you for a few weeks to a long term commitment.

{John}

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Answered on 12/05/13, 6:48 am


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