Under this contract, a party pays for property in installments. The buyer can live on the property and use it, but does not own the title before paying the full price in monthly fees.
Related information about contract for deed/land contract:
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A Land Contract (or Contract for Deed) is a contract between a seller and buyer of real property, where the seller provides the financing.
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Definition of contract for deed/land contract: Under this contract, a party pays for property in installments. The buyer can live on the property and use it, but does ...
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