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Is there any legal recourse for failure to pay on a contract to deed?
Wiki User
∙ 15y ago
The consequences should be spelled out clearly in the contract to purchase and there should be a deposit required to seal the deal. One consequence would be that the buyer would forfeit their deposit as long as that provision was specified in the contract. A good rule to remember is that the time to plan for the worst to happen is when you are drafting the contract.
Wiki User
∙ 15y ago
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free legal form for contract for deed ?
free legal form for contract for deed
Does a contract for deed constitute legal or equitable title?
Equitable.Equitable.Equitable.Equitable.
When does someone become the legal owner of a property?
Generally speaking you become the legal owner when the deed is recorded. However, there are troublesome practices in certain states that blur the distinctions of who is the legal owner such as states that allow "contract for deed" transactions.
How old can you be to purchase a home in Florida?
You must be at least 18 to sign a binding contract or legal deed.
What is the difference between a deed and an instrument?
In this sense an instrument is a written legal document that defines rights, duties, entitlements or liabilities such as a deed, contract, will, easement agreement, mortgage, etc. A deed is an instrument.
What is conveyance deed?
A legal contract between a buyer and a seller which transfers ownership of land or property from the one to the other.
The word covenant mean?
One of the definitions for the word covenant is "agree, especially by lease, deed, or other legal contract."
What legal recourse do you have in that when you bought your land you were given a warranted deed of right of way and the person who sold you the property has detroyed it?
There is a problem with your question. If you "were given a warranty deed of right of way" the person who executed the deed, the seller, couldn't have destroyed it. The deed should have been recorded when you received it. Please review the related question provided below.
How old do you have to be to own a home with the deed in your name in Georgia?
18. It's the legal age in the nation (and in GA)when a person can enter into a contract.
Can a buyer resell any land while it is in a contract for deed?
A buyer cannot sell the land until they take title by a deed. If they have signed a contract to buy the land they could enter into an agreement with a third party to sell the land when they have acquired ownership by deed but they cannot actually sell the land until they own legal title.
What is the difference between deed and abstract?
A deed is the legal document used to transfer ownership of real property.An abstract of a deed is a brief statement that contains the most important points recited in the deed. The abstract has no legal significance.A deed is the legal document used to transfer ownership of real property.An abstract of a deed is a brief statement that contains the most important points recited in the deed. The abstract has no legal significance.A deed is the legal document used to transfer ownership of real property.An abstract of a deed is a brief statement that contains the most important points recited in the deed. The abstract has no legal significance.A deed is the legal document used to transfer ownership of real property.An abstract of a deed is a brief statement that contains the most important points recited in the deed. The abstract has no legal significance.
What is Deed poll and How do you change your last name through the Deed poll?
A Deed Poll is a legal document. Although a Deed Poll is a form of legal contract, it's different from other legal contracts in that a Deed Poll concerns just a single individual and requires that person's signature in the presence of a witness. Deed Poll documents are used for a range of different purposes relating to an individual or a company legally committing themselves to doing something. Deed polls are used in the UK, Ireland, and some other commonwealth countries to commit to using a new name for all purposes. The deed poll can then be used as proof of your change of name.
