Land Contract Variations

5 Replies

Does all land contracts have balloon payments? Can a land contract say just be 20 year flat with a prepayment penalty? Just to get guarantee payments for that length? Thank for any insight. New to all this..

@Richard Novo you want someone to reply you have to use the @ sign and start typing their name if will appear outside the comment box double click on it and it will populate the comment box in blue then they are notified. Land contracts do not need a down payment but I would not sell a property without one. What's to prevent you from walking away or even maintaining my property. On a land contract I still own the property and don't have to transfer title until you make all the payments agreed.