Paul Anderberg
Mr Anderberg is the author of many other articles about buying a home. Most of these useful articles can be read on his website:
http://www.first-time-home-buying.net
We won't tell you where you can find his less than useful articles...
Articles by this Author
Disadvantages of Land Contracts
- By Paul Anderberg
- Published 08/10/2006
- Leasing Renting
- Unrated
Most of the disadvantages of land contracts for buyers of property stem from the fact that the vendee does not receive the deed to the property at closing. The vendee obtains equitable title, but the vendor (seller) retains legal title. This situation usually exists until the land contract is paid in full. Mortgage loan lenders are highly (excessively??) regulated, mostly to protect buyers/mortgagors.