MASTHEAD DIAMONDS

 

CONTENT BLOCKS

 

BIG GHOST BUTTONS

CALL US TODAY!  414.751.8345

©IBUYLANDCONTRACTS.com 2015 //  INFO@IBUYLANDCONTRACTS.com

CALL US TODAY!  414.751.8345

Welcome to IBUYLANDCONTRACTS.com,

where we specialize in buying performing and non-performing land contracts.

 

After we have received the necessary information below, we are able to provide you with a bonifide offer within 24-48 hours.

GET IN TOUCH

What is a land contract?

A 'land contract' (sometimes known as a “contract for deed,” "agreement for deed," "land installment contract" or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buyer to purchase the property for an agreed-upon purchase price and the buyer repays the loan in installments. Under a land contract, the seller retains the legal title to the property, while permitting the buyer to take possession of it for most purposes other than legal ownership. The sale price is typically paid in periodic installments, often with a balloon payment at the end to make the timelength of payments shorter than a corresponding fully amortized loan without a final balloon payment. When the full purchase price has been paid including any interest, the seller is obligated to convey legal title to the property to the buyer. An initial down payment from the buyer to the seller is usually also required by a land contract. The legal status of land contracts varies from region to region.

 

Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual, more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions for a loan from a different "third party" lender, usually a financial institution in practice. When third party lenders are involved, typically a lien called a mortgage or trust deed is placed on the property so that the value of the property is used as collateral until the loan is paid in full.

A little about you

Required

Required

Required

Required

Submitting Form...

The server encountered an error.

Thank you for your inquiry.  A member of our team will contact you shortly.

 

Thank you!

Required

Required

Required

Required

Required

Required