Davison Legal Associates
Whether you are the buyer or the seller, the attorneys at Davison Legal Associates, P.C. will help you protect your interests during this type of transaction.
There are a lot of issues that need to be considered before entering into a land contract regardless of whether you are the seller or the buyer. For instance, who will assume the duty of paying property taxes? In many cases, it is the seller’s obligation. What if the seller fails in this regard? What happens if the buyer is unable to continue making installment payments? Does the buyer forfeit the property and the payments that have already been paid? In most land contracts, the buyer would. Who is responsible for providing insurance?
As you can see there are a lot of issues that can pop up in the sale of any home or property, but especially with a land contract because these agreements tend to favor the seller over the buyer. If you need a land contract drafted, modified or forfeited, it is imperative that you contact the experienced attorneys at Davison Legal Associates, P.C. to help point out lingering issues that may arise.
Would you like to speak to one of our attorneys? Just submit your contact details and we’ll be in touch shortly. You can also call us directly if you prefer, at (810) 653-4373.
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