Category Archives: land contract
Can You Enforce An Oral Contract For The Sale Of Real Estate?
Can You Enforce An Oral Contract For The Sale Of Real Estate? The simple answer is “No, you can’t, because every state has enacted a Statute of Frauds requiring contracts for an interest in the sale of an interest in … Continue reading
Contracts For Deed: An Explanation And General Overview
Contracts For Deed: An Explanation And General Overview A contract for deed, also known as “land contract”, is a legal agreement between a buyer and seller of real property, whereby the seller immediately transfers equitable title to the buyer but … Continue reading
Tax, Tax, Tax Considerations When Planning a Land Contract
Tax, Tax, Tax Considerations When Planning a Land Contract Tax can have a major impact on your rental property’s bottom line. Do not overlook tax implications when planning for owner financing deals, like a land contract (a.k.a real estate contract, … Continue reading
The Basics of a Land Contract
The Basics of a Land Contract The financial industry was by far the worst hit by the economic turmoil even though some would argue that they were primarily responsible for the onset of the crisis. Thus in the current situation … Continue reading
Real Estate land contracts are not without drawbacks
Real Estate land contracts are not without drawbacks When we pay taxes, a huge chunk of money came out of our accounts a twice a year. We did not escrow the amount. We decided to turn things around. We wanted … Continue reading
What is a Land Contract? Who Can Buy a Land Contract? Who Can Sell a Land Contract?
What Is A Land Contract? What is a Land Contract? Land contracts are becoming more and more popular these days. Production Realty is based in Michigan. If your not in Michigan, contact a Realtor for your states specific details.
What Is A Land Contract?
What Is A Land Contract? In comparison to mortgages and Trust Deeds, a land contract is a relatively straightforward legal instrument, but that doesn’t mean you should manage one with any less attention to detail. Unlike a mortgage or Deed … Continue reading
Land Contract vs. Lease Option (Rent to Own)
Okay, you are trying to sell your home, but the market is really soft right now. So you need to be creative. You finally found a potential buyer. That person absolutely LOVES your home and wants to buy it, but … Continue reading
How Does a Land Contract Work
People want to have their own house. It is a common aspiration. But in today’s extremely tight credit market (think US financial bailout), a potential home buyer may not be able to obtain financing from a traditional bank or a … Continue reading