When buyer defaults on land contract
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Date added: 21.12.2014
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When buyer defaults on land contract download free
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Foreclosure is one available remedy if the buyer defaults under a land contract. ... Under a land contract, the buyer occupies the property and pays the purchase ...
The installment land contract essentially gives the buyer "equitable" title to the property and serves ... If buyer defaults, seller retains all payments and clear title.
There are two legal remedies when the buyer defaults on a land contract: forfeiture and forelosure. There are advantages and drawbacks to both remedies.
It used to be that, under a land contract, if the Buyer defaulted, the Seller could call the sale off and keep all payments made to date, as if the Buyer had simply ...
For example, land contract home sellers may be able to quickly foreclose their buyers when they default on their purchase contracts. Land contracts also ...
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