When purchasing a home on a land contract, what would the owner present to the buyer in the form of paperwork?

Question

I want to be sure that I'm not taken for a ride on this home. As I've heard of various scams that people play. Other than the actual land contract agreement, would I the buyer be entitled or even automatically shown any type o f ownership papers, such as a title

Answer 1

I see your point and probably the best way to check on the ownership of the land, house, property, you're thinking of buying would be to call or visit the County Clerk's office, of the county where the property is located, and ask them the owner of record. All you should need would be the address. Then you would know if the person selling you the property really owns it. The clerk's office should also be able to tell you if there are any liens or incumbrances on the property.

Answer 2

You suggested being evicted via the present proprietor. while you're identifying to purchase the homestead with the owner financing the valuables you would be indexed on the call deed with the aid of fact the vendors. while you're no longer being indexed on the call deed with the aid of fact the vendors you're renting or leasing with the choice to purchase. A lease or hire to very own usually favors the broker extra so than the guy making the acquisition. you may first ought to confirm your status as a shopper or renter on a hire decision. you could make an grant on the valuables based on the present value or under the present value of the valuables. At this element you would be required to make all the maintenance of the valuables. in case you may decide for the present proprietor to make all the mandatory maintenance, you would be required to checklist the products in decide for of restoration on your settlement of purchase. If he in fact signed the settlement, made all the maintenance indexed, you need to no longer then come again and require he restoration any newly found injury to the valuables. additionally at this element the valuables value might exchange and reflect the cost of a rehabbed property. you may make the settlement and maintenance subject to the approval of a independent shape enterprise or that each and one and all maintenance be inspected and authorized via a on an identical time agreed on homestead inspector. as quickly as you have signed the settlement take this settlement to an escrow and contact enterprise to end the sales transaction. i wish this has been of a few earnings to you, good luck. "combat ON"

Answer 3

I answer this as someone who was taken advantage of on a contract deal......get a lawyer to look over the paper work for you. They charge but be safe.