First Land Contract Purchase

[Anthony Bell]

Hello everyone!

I am looking to purchase a property from an out of state seller by Land contract.

I have a couple questions:

-What document do I need for the transaction?

(As far as I know I need a P&S Agreement, Land Contract, and Memorandum)

-Does the seller need to be present at closing?

-Can I transfer the insurance into my companies name? Even better, am I able to get my own insurance or am I obligated to use the sellers insurance?

-As far as making payment, because there's a mortgage on the property, should I be making the payments to the seller or directly to the mortgage company? ( I plan on paying by check to show pay history as well)

All input is welcome!

Thank you,

Anthony Bell