The Owner Terms Land Network

Owner financing land is one of the most popular ways to purchase your next land or property. A land contract is a type of owner financing that allows the buyer to make payments to the seller for a home or land purchase. The buyer gets to use the property but the seller hangs onto official title until paid in full. Over the last couple of years, the demand of purchasing lands or properties by using owner financing contract has increased a lot than never before. It is true that, the contract comes under several names including Real Estate Contract, Contract for Deed, Installment sale and many more. This is a good alternative way to document the seller financing arrangement from the more common note and mortgage or note and deed of trust. The Requirements of Using Owner Financing Contract: The buyer should be careful while purchasing the land or property using owner financing contract. One big consideration with a land contract is that the buyer will not receive the warranty