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  2. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    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. Equitable conversion - Wikipedia

    en.wikipedia.org/wiki/Equitable_conversion

    The risk of loss is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has failed to protect it. Such issues can and ...

  4. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...

  5. 'Set up for failure:' Oklahoma has invested millions in ... - AOL

    www.aol.com/set-failure-oklahoma-invested...

    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 ...

  6. Equity stripping - Wikipedia

    en.wikipedia.org/wiki/Equity_stripping

    The rescue artist will express intention to reconvey the property back to the homeowner in the form of a lease or a contract for deed. Simple mortgage assumption allows the owner of the home in foreclosure to transfer the deed to the property to the rescue artist without the involvement of any lender. This results in a transfer of ownership and ...

  7. Index of real estate articles - Wikipedia

    en.wikipedia.org/wiki/Index_of_real_estate_articles

    Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is ...

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