Just one more reason to consult a trained professional real estate attorney and DO NOT hang your hat or bet the farm on ANYTHING posted here lay or even professional. I bought and sold several farms using land contracts and drafted a bunch for clients BUT THEY ARE DIFFERENT IF IM WORKING FOR THE SELLER OR THE BUYER. They are used farrrrrrr less nowadays as compared to 20 years ago. If I'm the Seller I don't mind a contract and I don't want it or anything recorded or escrow. If I'm the buyer I prefer escrow, a deed,and give the seller a promissory note.
They ARE worth the paper they are written on as the law of contracts is very well settled and next oldest after property law. Theres a ton of old wives tales out there regarding land contracts, some true many false
Consult an attorney for anything so risky and expensive or else bear the risk !!!!!!!!!!
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Today's Featured Article - Tuning-Up Your Tractor: Oil, Oil Filter and Air Breather - by Curtis Von Fange. In the preceding articles we discussed some of the various aspects of doing a comprehensive tune up. Hopefully some light was shed on why we do or don't do certain things pertaining to inspections and order of events when doing a tune up. Perhaps some useful reasons were given for why parts fail and what to do about preventing part failure in the future. All these tips will help us think and reason out a problem in order to make our tune up last and, hopefully, keep us from spending extra mone
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