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It is important to thoroughly inspect the property before purchase to ensure it is delivered vacant of personal property unless specified in the contract. If personal property was left behind, you may need to negotiate with the seller or seek legal advice to determine ownership rights. It is recommended to have a clear agreement in the purchase contract regarding the condition of personal property.
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
A contract to purchase real estate gives the buyer no rights in the property except the right to purchase it. Title remains in the property owner until transferred by a deed of conveyance.
No, you will not get your payments back. If you do not complete the purchase, you have essentially been renting the property.
None to the best of my knowledge.
A land contract is a real estate agreement where the buyer makes payments directly to the seller instead of getting a mortgage from a lender. The buyer takes possession of the property but the seller retains legal title until the full purchase price is paid. It's a way for buyers who may not qualify for traditional financing to purchase property.
Yes, you can certainly finance commercial property. One method is a conventional loan. 20% down and the note is backed through personal property, signature and the land itself. There are also small business loans that you may qualify for. Contract for deeds also work. Most commercial property is under some form of finance.
That's two separate issues - credit reporting on a loan, depends on the financial institution - if they report it. Personal injury on a property would be on property insurance, which you have to obtain in order to purchase property.
They can own it by inheritance but they must have a legal guardian appointed to handle any affairs relating to it. They cannot contract to purchase property.
Lenders are the banks and finance companies who contract loans for the purchase of vehicles, homes, and other property. Borrowers are those who contract for the loans so they may purchase vehicles, homes, and other property. Although you did not ask, dealerships and realtors are those who act as the agents of the lenders to put borrowers in debt.
No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.
Property sales contract which is mutually binding on both parties, where the title remains with the seller until the purchase price is paid by the buyer. Contract to convey title once certain contract terms are satisfied.