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Land Contract Purchase: When Do You Own The Property?

Land Contract Purchase: When Do You Own The Property?

By Ilyce Glink| 2017-12-19T09:28:42-06:00 December 14th, 2017|

A land contract purchase can cause confusion. When do you own the property? When does a land contract confer ownership? Q: I have a land contract to purchase my home in Flint, Michigan. I started to pay the seller, then after a few months my checks mailed to the seller were not being cashed [...]

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Buying on a Land Contract: When is the Home Mine?

Buying on a Land Contract: When is the Home Mine?

By Ilyce Glink| 2017-08-31T09:10:16-05:00 August 25th, 2017|

Typically, a land contract will determine the length of time you're required to make payments on a home before you own it. As in this reader's case, factors like the death of the seller can complicate the process. Q: I got a house on a land contract in 2005 and the seller died and I’ve [...]