Are Land Contracts Legal & Binding in Michigan?

Answer Land contracts, sometimes referred to as contracts for deed, are legal and binding in Michigan. Enforcement is governed by Michigan law, which differs in some respects from the land contract laws o... Read More »

Top Q&A For: Are Land Contracts Legal & Binding in Michigan

Ohio Land Contracts?

One way to finance a home in Ohio is through a land contract purchase agreement. For a buyer with less-than-perfect credit or a low down-payment, the land contract option has its benefits. For the ... Read More »

What You Should Know About Ohio Land Contracts?

Ohio allows land contract real estate sales. The seller acts as the lender in a land contract sale, collecting the interest and principal payments from the buyer for a specific number of years.

The Disadvantages of Land Contracts?

Using a land contract to sell a piece of real estate could provide you with the opportunity to attract more potential buyers and move the property quickly. A land contract uses an installment sale ... Read More »

What makes a contract legal&binding?

In order for a contract to be legal and binding, the subject matter of the agreement must be legal, and the parties must have the capacity to enter into a contract and intend to be legally bound to... Read More »