This book covers the subject of Land Contracts, also known as ‘ Contract for Deeds’; a form of seller-financing in the purchase of real estate. It is a practical guide, explaining fundamentals, general application and even the ‘urban legends’ surrounding this type of real property transaction. It details responsibilities for both parties in such an arrangement, and serves as a common sense guide for those interested in this method of acquiring or selling of real estate in the U.S. Although addressing primarily residential property, this book can also be useful with commercial properties, as well as for vacant land sales.
Inside you will find answers to the following: • What is a Land Contract? • What are the key components of a Land Contract? • When can seller financing be an option when you are recovering from a poor credit history? • Where can you find Land Contract homes? • What is the profile of a property ideal for a Land Contract Solution? • What are the key points a buyer or seller should consider? • What are the remedies for default? And much more information about independent seller financing.