Land contract


 

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Land contract

A method of real estate financing; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid.



Land contract

Similar Matches

Contractual lien

Contractual lien

A voluntary obligation such as a mortgage or trust deed.


Oral contract

Oral contract

A contract not recorded on paper or on computer, buy made vocally which is usually enforceable.


Contracting out

Contracting out

A term which refers to contracting out of S2P (State Second Pension).A person can contract out by joining an employer's pension scheme which itself is contracted out or through an appropriate personal pension plan. The result of making this choice is that the person's S2P pension will be reduced at retirement but there will now be the proceeds from the alternative pension plan selected.


Optimal contract

Optimal contract

The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize the total cost.


Contract for deed

Contract for deed

A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time.


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