This Land Is Your Land. This Land Is My Land. Navigating the Perils of Land Installment Contracts
Call them what you will; installment contracts, installment land contracts, or land contracts occur when a real estate owner agrees to convey title sometime in the future in exchange for monthly payments or installments. I’ve heard some liken them to rent-to-own contracts, which can make the concept more accessible. When two parties enter these agreements,…