In selling businesses and property, buyers and sellers sometimes discuss “seller financing”. In the context of real estate, these arrangements are sometimes casually called “land contracts”. Generally ...
Under the installment contract method of calculating a statute of limitations, each missed payment under an installment contract carries its own separate six-year statute of limitations. An ...
Going back many decades, it was common for Colorado real estate to be sold using an installment land contract, also known as a contract for deed. In an installment land contract, the buyer and seller ...
The law expands the definition of lender to include a person who makes retail installment contracts, thereby necessitating a license to create such contracts. Under existing law, a “lender” is any ...
With the way the residential real estate market is today in some parts of our community, sellers and buyers may be thinking about alternative financing mechanisms. One such mechanism is the land ...
Q: Is a promissory note better than a land installment contract? A: A land installment contract is a procedure whereby the property owner enters into a contract with a potential buyer. The buyer ...