Land contract Seller Payback 80% if Buyer defaut
I just got off the phone with a seller who states that in a land contract, he would have to pay back up to 80% of payments to the buyer if the buyer defaults. Thus, he wants nothing to do with carrying the note. This is in OHIO, and I can not find anywhere that it states what he is saying. Has anyone run into this or have anything that states it or not?