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Pushed Out

Land contracts have been around for a long time.

 

If you can’t get a mortgage, they can look like a good alternative to becoming a homeowner. You put some money down, and pay the owner of the house in installments over time.

Kaye LaFond / Michigan Radio

Michigan was hit hard by the foreclosure crisis. But now, almost nine years after the crash, the state's housing market is showing promising signs of life.

That's especially true in Grand Rapids, which has one of the hottest real estate markets in the nation.