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What should you do if seller never recorded deed after land contract?
Wiki User
∙ 14y ago
Generally, a land contract, or contract for deed, is an installment contract for the purchase of land. Bank financing is not involved. The seller finances the sale and retains ownership of the property until the price has been paid. The buyer makes installment payments and when the land has been paid in full the seller should record the deed. If a bank was involved in the transaction the bank would require that title be transferred to the borrower.
The problem with this type of transaction is that title is not established in the buyer as it would be in a normal sale. The buyer must rely on the seller to maintain title to the property without incurring any further encumbrances and transfer it once the full purchase price has been paid.
If the land has been paid in full and the seller has not recorded or will not record the deed you will need to speak with an attorney in your area about judicial remedies under your particular state laws. You will need to provide proof that the land has been paid for as agreed in your contract. You should address this situation ASAP.
Wiki User
∙ 14y ago
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