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Land contract |
Also found in: Acronyms, Wikipedia | 0.06 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ``I bought the property on a land contract -- nothing down and paying only the interest on the loan. During fiscal 2003-2007, FSA will offer land contract guarantees to growers with fewer than 10 years' experience in Iowa, Indiana, North Dakota, Pennsylvania, Wisconsin and Oregon. Even so, it's not a guarantee that you'll land contracts. |
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