The Installment Land Contract - a National Viewpoint
38 Pages Posted: 24 Jun 2016
Date Written: 1977
Abstract
The installment land contract is rarely used in some states, but in many it is the predominant means of vendor financing of land sales. Much has been written about it, but nearly all of the literature focuses on the law of one particular state or another. Our purpose here is to provide a nationwide perspective, with particular attention to the states in which the contract has been widely used and extensively litigated. We propose to examine the reasons for the installment contract’s popularity, its advantages and disadvantages, and the risks it presents to both vendor and purchaser.
Keywords: installment land contract, installment contract, contract for deed, long-term land contract, vendor financing of land sales, forfeiture remedy, forfeiture clauses, title problems, vendor, vendee
Suggested Citation: Suggested Citation