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Updated about 6 years ago on . Most recent reply

James Edwards's profile image
James Edwards's profile image
James Edwards
  • from Lake Oswego, OR
  • Member since Mar 15, 2017

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88
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11
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James Edwards's profile image
James Edwards's profile image
James Edwards
  • from Lake Oswego, OR
  • Member since Mar 15, 2017
James Edwards
  • Lake Oswego, OR
11
Votes |
88
Posts
Private Lending & Conventional Mortgage Advice

Land Contract for Deed v Trust Deed

James Edwards
  • Lake Oswego, OR
Posted

Am evaluating the purchase of a bare piece of land from a family member. Terms/price are good. 

Do I want a deed of trust or a land contract for deed? Will be amortized 10 yrs, with 5 yr balloon. 

I assume a title inspection would be smart?  Anything else I need to get? 

Thanks!

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