The Other Side of CFD's

[Chris Seveney]

Wanted to just share this with people as many people like to do land contracts. I have acquired many of them and have done very well, but it is not for the faint of heart. I received a call today from the county inspectors office who has noted we have 30 days to replace a sidewalk and cut down four trees. When we (my atty and I) noted we own it but its a land contract the jurisdiction noted they do not recognize land contracts even if recorded and whoever is on title is responsible and needs to fix it or accrue fines of $500/day. 

So just wanted to share this as there are a lot of risks involved with land contracts that people should be aware of.