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Contact Information

Donna Hermsen
Bunbury & Associates Realtors
6650 University Ave
Middleton, WI 53562
Phone: 608 770-1140
Email: DonnaHerms@aol.com

Testimonials

Dear Mr Bunbury, As a former owner of a company we know valuable employees are to your success. This is why we are writing to express our complete satisfaction with Donna Hermsen. A little background on the history of our home at 7809 Cobblestone Circle, Middleton. The house had been on the market for one full year, we had vacated athe house on November 1 and moved to S.C. When it was time to to list again, with a 3rd agent, in January, I spent considerable time on the internet trying to find a new agent. I was impressed with Donna's bio and called her to take a look at the house. Our two sons were in the process of installing some updated light fixtures and were at the house when Donna & Dan looked at it. We also had another agent/team from another agency look at the house while our sons were there. After talking to Donna and the other agent, and asking our sons for their opinion of which agent to list with, it was unanimous that Donna was the choice. I was very anxious listing with anyone, and not meeting them and being so far away (S.C.) from the property. Donna was fantastic, she kept us informed of every showing, she followed up with each possible interested party and her negotiations with the selling agent were very professional. The closing couldn't have gone smoother. All paperwork was done via email, and she was prompt and excellent in any answers to questions we had. I will recommend her to anyone I know back in Middleton/Madison area that is thinking of selling or buying a home. Sincerely, Gloria Kuehn Testimonial Gloria Kuehn
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Land Contract

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the land contract obligations.

A land contract can be helpful for those who need time to establish or improve their credit rating. There are only small closing costs, and payment can help establish a good mortgage payment record. This can help establish an overall good credit rating, and it is possible for the buyer to later refinance the land contract with a conforming loan.

On the other hand, there are risks associated with land contracts. Land contract purchases are not necessarily recorded in the public record, and there are no guarantees that the seller will be able to transfer a clear title to the buyer upon fulfillment of the land contract. There also is no lender assuring that the purchase price for the property is justified, and no inspection of the property’s condition.

Another alternative to a non-conforming loan is assuming the seller’s mortgage. By assuming a mortgage, if the mortgage is assumable, it is possible to save on closing costs, and may allow you to obtain a favorable interest rate.

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