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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Through this agreement, CGG will contribute its North America Land Contract activities (excluding its land multi-client and monitoring businesses) in exchange for a minority equity stake in Geokinetics.
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This contract is the service contract for the provision of information from land register and sales contracts, the document collection of the Land Register of the Republic of Austria on all recorded in the land contract transactions of land, apartments and houses of Austria in a structured form.
CAIRO: An Egyptian court on Tuesday postponed till next month hearing a legal row over a Talaat Moustafa (TMG) land contract, a case analysts say could slow property investment as long as it remains unresolved.
Land contract is an agreement for the seller to provide financing to a buyer for the purchase of a real property; the Company's web presence for this contract structure is provided by http://www.
The lawsuit against Talal's land contract was triggered, according to Mohamed, by the successful outcome of the Madinaty land contract case.