Land Contract Example Michigan. A Michigan land contract contains the names and signatures of the seller and buyer, as well as a description, or address, of the property. A land contract is a contractual agreement between a buyer and a seller of real estate—usually residential real estate.
In fact when I was trying to sell a house I had a real estate agent suggest I do the land contract route because its such a sweet deal. Enter the type of lawyer you need (divorce, bankruptcy, etc.) and your city or county, and click. A land contract must contain various terms that are not typicallyincludedinapurchaseagreement.thus,whendraftingapurchaseagreementfora landcontractsale,arealtor shoulddomorethansimplyprovidefora landcontract purchase.
In real estate lingo, a land contract form is an agreement or a deed between a buyer and seller of a real estate entity for which the seller renders monetary assistance for procuring the property on the agreed price.
In a land contract, the For example, if the seller still owes a mortgage on the property, the buyer assumes that the seller will She says she is going bankrupt. i only have one more year to pay. will i lose it? i live in michigan.
Sur.ly for Drupal Sur.ly extension for both major Drupal version is free of charge. Search for land contract properties, land, and homes for sale land contract in michigan. Land contracts like a previous poster had stated are more for the seller.