A new report found about 1,000 recorded land contracts year-over-year since 2008 in Detroit as advocates call for regulation ...
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 ...
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 ...
The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum. In June, homes sold under $100,000 fell by 27% compared to a year prior whereas ...
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 ...
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 ...