Also called an installment land contract, contract for deed or contract for sale, a land contract is a property sale where the seller holds the title of the property until you have paid for it. Absent ...
Land contracts can offer a path to homeownership without a traditional mortgage, but the financial responsibilities involved are not always straightforward. Property tax obligations in particular ...
For the buyer, a land contract is an alternative to getting a mortgage or paying cash to buy a home. For the owner, it’s a way to sell property a bank may not want to finance. It can also be a way for ...