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The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
3. Installment Contracts. Also known as a contract for deed, installment purchase contract, installment land contract, or bond for deed, installment contracts work similarly to owner financing ...
In United States contract law, an implied covenant of good faith is presumed. A covenant is an agreement like a contract. A covenantor makes a promise to a covenantee to perform an action (affirmative covenant in the United States or positive covenant in England and Wales) or to refrain from an action (negative covenant).
The college, looking for a new home, finalized a deal to buy a Jesuit college with the main building in the shape of a cross in St. Bonifacius, Minnesota. The deal was completed in September 1969, when St. Paul Bible College bought the 173-acre campus for $3.1 million on an 8% contract for deed.
Attorney General Keith Ellison filed a lawsuit Tuesday accusing a Twin Cities real estate broker of preying on Muslims and buyers with poor credit ratings with illegal and deceptive contracts for ...
Berry-Rock Homes is one of several contract-for-deed companies filling a gap between landlords and regular mortgage lenders. But there’s a twist: One of its biggest investors is the state of ...
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