What are the pros and cons of entering a Land Contract?

Mark TiptonUncategorized

A Land Contract is a specialized legal agreement between a buyer and a seller of real estate.  A bank is not involved since, in effect, the seller acts as the bank for the buyer.  Typically, a down payment of several thousands of dollars is made.  Monthly installments are then to be paid for an agreed period, typically a year or more.  Then, at a … Read More