Purchase a Featured Home from the Land Bank
Homes sold through this program are in good or fair condition but in need of repair. To purchase a Featured Home, scroll down to check out current listings or sign up for our featured homes mailing list below. If you see a property you like:
- Step 1 – Show up to view the home during the listed open house hours. If you like what you see, pick up an offer form at the open house.
- Step 2 – Gather proof of funds/income as detailed on the form, and
- Step 3 – Submit your offer (see below for more details)
The houses are sold as is and are often in need of repair and improvement.
SIGN-UP FOR OUR FEATURED HOMES FOR SALE WEEKLY EMAIL LIST!
Featured Homes Available For Sale
Monday, October 3, 2022; 9:00 a.m. – 12:00 noon
Monday, October 3, 2022; 1:00 p.m. – 4:00 p.m.
Tuesday, October 4, 2022; 9:00 a.m. – 12:00 noon
Tuesday, October 4, 2022; 1:00 p.m. – 4:00 p.m.
Wednesday, October 5, 2022; 9:00 a.m. – 12:00 noon
Wednesday, October 5, 2022; 1:00 p.m. – 4:00 p.m.
Monday, October 10, 2022; 9:00 a.m. – 12:00 noon
Monday, October 10, 2022; 1:00 p.m. – 4:00 p.m.
Tuesday, October 11, 2022; 9:00 a.m. – 12:00 noon
Tuesday, October 11, 2022; 1:00 p.m. – 4:00 p.m.
Wednesday, October 12, 2022; 9:00 a.m. – 12:00 noon
Wednesday, October 12, 2022; 1:00 p.m. – 4:00 p.m.
Process for Safety First Featured Homes Open Houses
In an effort to limit the spread of COVID-19, we have adjusted our processes to promote a safe property buying experience — from the initial viewing to the final closing. We ask that you comply with our policies for sale. If you are interested in purchasing a Featured Home, you MUST first attend an Open House.
When arriving, bring your photo ID, please check in with a Land Bank representative first, sign a Land Bank liability release and wait for the Land Bank representative to allow you access to the home. We are limiting the number of individuals allowed in the structure at a time. Please wear a mask covering your nose and mouth and remain at least 6 feet from anyone not in your party. After you view the property, if you decide you are interested in making an offer on the house, the Land Bank employee will have an offer sheet. Applicants must attend open house for their offer to be considered.
The Land Bank office remains closed to the public.
Offers
Offers can be submitted by fax, 810-257-3090, in person to our drop box or via email to offers@thelandbank.org. Please make sure to include all required documentation; incomplete offers will not be accepted or reviewed.
With a Land Bank Highest and Best offer, there is only one opportunity for each party to make an offer. The Land Bank reserves the right to refuse any and all offers to purchase. Having the highest offer does not necessarily mean that offer will be accepted. GCLBA staff review renovation cost estimates and proof of adequate funding. If you have delinquent property taxes or went through property tax foreclosure in the last five years, you do not qualify for purchase and your offer will not be reviewed.
Homebuyer Education
Successful land contract applicants must attend a homebuyer education class through a housing counselor approved by MSHDA or HUD before their closing.
Local Agency Options Include:
Metro Community Development 810-767-4622 option 3 https://www.metrocommunitydevelopment.com/ Metro also offers up to $500 for down payment assistance to eligible land contract holders. Click here for more details.
Genesee County Habitat for Humanity 810-766-9089 https://www.geneseehabitat.org/homebuyer-education.html
To learn more about this program, watch these videos:
Creating Affordable Homeownership Opportunities - Watch this Video
Featured Homes Program policies and processes - Watch this Video
