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 ...
Seller-financed loans known as “land contracts” don’t involve a bank and lack the consumer protections available with traditional home loans. By Ann Carrns With traditional mortgages for lower-priced ...
Alan Nochumson, left, and Dylan Beltrami, right, of Nochumson. Courtesy photos. Can a buyer under an installment land contract lose their equity with a single missed payment? In Zanicky v. Skopow, 339 ...
The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. In ...
On August 13th, the Consumer Financial Protection Bureau (“CFPB”) published a consumer advisory as well as an advisory opinion addressing “contracts for deeds”, which are also variously called a “bond ...
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 ...
Going back many decades, it was common for Colorado real estate to be sold using an installment land contract, also known as a contract for deed. In an installment land contract, the buyer and seller ...