Get Your Copy of "Should I Short Sale My Home" for $8.00 for a limited time
Powered by MaxBlogPress 
Special Offer: Try AdTrakker Real Estate Call Capture & Lead Generation Service FREE for 15 Days!
 Powered by Max Banner Ads 

What is a Land Contract?

Posted By admin on January 19, 2009

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!

The land contract is intended to be a short term seller financing agreement between the seller and the buyer.  The buyer agrees to purchase the property for a pre-determine amount, and the seller allows the buyer to pay in installments over a specific period of time.  As a result of the seller providing the finance the seller still retains title and deed to the property.  The seller allows the buyer to take possession of the property.  The seller may also require the buyer to pay property taxes and homeowners insurance as part of their agreement.

The terms of the land contract are very important.  It is equally important to make sure that any agreement reached be in writing. 

The land contract gives the occupant equitable interest in the property, as well. 

It is also important to do a judgement and lien search on the occupant before attaching his or her name to the property.  The land contract is a sale and will close and be record just as any other sale.


Taylor-Brown's Related Post s' Related Posts
  • Great News, the End to High Property Taxes Is Almost Here On February 10, 2009, the Indiana Senate passed an amendment for the permanent cap to property tax bills. The bill passed the Indiana Senate with an overwhelming majority of 34 to 16 vote.  The bill goes to the House for consideration, but House Speaker, Patrick Bauer, suggested that the House......
  • Indiana Property Tax Cap Vote on Tuesday [caption id="" align="alignright" width="168" caption="Image by K. Todd Storch via Flickr"][/caption] The first step in giving  Indiana citizens the right to determine how much property taxes will be paid in the state begins on Tuesday.    The Indiana House of Representative is voting on a cap of one percent of......
  • Indiana Property Tax Assessment - Latest News Image via WikipediaThe latest news in Indiana property tax assessment from around the blogosphere: Top 10 owe Porter County $4.3M in taxes Gary Post Tribune At the top of the list is the property at 415 Salmon Drive in the Port of Indiana-Burns Harbor. Its past-due tax bill totals $2.449......
  • Lack of Property Taxes Tops News in Northwest Indiana The Times has an article named, Lake Commissioners Pledge Veto for Food, Beverage Tax.   According to this article the Lake County Commissioners plan to veto the increase in tax on food and beverage.  Alot of the commissioners state that they do not want to go back on their word......
  • What's Your Best Chances To Make Money in Real Estate Today? The Answer May Surprise You With any investment that you make your goal is to make money.  In today's market, you can make money by offering rent to own. With rent to own, you are still the owner of the home, but the occupants have equitable interest in the home just as your mortgage company......
Related Websites

About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

Comments

9 Responses to “What is a Land Contract?”


  1. [...] What is a Land Contract? Social Bookmarking Taylor-Brown’s Related Post s’ Related Posts [...]


  2. I don’t normally comment on blogs but your post was a real call to action. Thank you for a great read.


  3. Now, there’s an idea! Never thought of that. :)


  4. Tell me what was your inspiration for writing this? Hands down a masterpiece!


  5. In searching for web sites connected to web hosting and specifically comparison hosting Linux plan web, your site came up.


  6. Great info, i appreciate your Taylor-Brown Real Estate Talks» What is a Land Contract? blog and your way of writing and knowledge sharing.


  7. Great job, let the info flow, I will surely be bookmarking this site, very informative, thx!


  8. I have been following up on this Taylor-Brown Real Estate Talks» What is a Land Contract? blog for a while and I find it very impressive. I plan to add it to my rss feeds.


  9. Simply, the information is truly the greatest on this worthwhile topic. I with your conclusions and willdesperately look forward to your upcoming updates. Expressing thanks will not be sufficient, for the exceptional clarity in your writing. I will immediately grab your rss feed to stay informed of any updates. Pleasant work and much success!

Leave a Reply


 Powered by Max Banner Ads 

"Welcome to Taylor-Brown Real Estate Talks"

Taylor-Brown Real Estate Talks' goal is to empower the consumer with education about real estate, insurance, and mortgage trends, news, terms, etc., so that the consumer can achieve financial wealth through listing and selling real estate.


About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

© 2008-2010 Taylor-Brown Real Estate Talks All Rights Reserved -- Copyright notice by Blog Copyright