land contract

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Land contract

A method of real estate financing; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid.

Land Contract

A contract in which a buyer agrees to purchase real property from the seller for a certain price and on a certain payment schedule, but in which the seller retains title to the land until all payments have been made. A land contract may or may not amortize payment evenly, so that it may require a large balloon payment at some point in order to transfer title. Land contracts are most common either for buyers who would not qualify for a normal mortgage or for purchases made for investment purposes. In the United States, different states have different regulations and restrictions on land contracts. See also: Lease with an option to buy, Rent-to-own.

land contract

Also called a bond for title, land sale contract or contract for deed. It is a financing arrangement for real property,in which the seller holds the financing and the legal title and does not give the buyer a deed until all payments have been made in full.For many people with the inability to secure financing, it is the only practical way for them to own a home. The practice is perilous, though, and could result in the loss of the property, and substantial money spent over the years, simply because of one late payment.

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Framework agreement for the land contracts in 2016.
Real estate developers, along with the Ministry of Housing, have all recently called for the re-writing of Egyptian land contracts.
Some 107 Glastir Common Land contracts and 269 Woodland Creation contracts have been awarded, but out of 1,250 expressions of interest, just 120 carbon reduction (ACRES) applications were accepted.
Summary: Libya may be months from a new government, but the still-infrequent international flights to Tripoli are packed with businesspeople looking to land contracts with this oil-rich North African state.
Nanya is also expected to land contracts via Japanese partner NGK Spark Plug, which has directly received substrate contracts from AMD.
He went on to say, "Utilizing Land Contracts can save buyers and sellers thousands in qualification and closing fees.
MPs unanimously approved the Immovable Property Sales (Specific Performance) Law, thus giving land contracts power over any mortgages owed to the banks by the property's seller.
But while it's ultimately up to clubs who they sign - and can afford to sign - PFAI chief Stephen McGuinness is hopeful many players will land contracts during the transfer window.
The laws concerning land contracts vary from state to state.
McNeil, 50, has been able to use his background in vulnerability assessment and analysis, as well as extensive government contacts and a little inside experience (he worked for the federal government for 12 years and left at a GS-13 rank)--to land contracts.
CCA originally expected to land contracts to house California state inmates, but recent legislation and objections from the correctional officers union have eliminated that possibility.
The FTC suspects the 11 held clandestine consultations prior to bidding sessions so that certain oil distributors could land contracts with the agency at certain prices, the sources said.