No, you will not get your payments back. If you do not complete the purchase, you have essentially been renting the property.
You get it back after meeting the terms of the contract. the LENDER will tell you how much it costs to get it back.
A mortgage is a loan from a lending company or a bank, and usual the loan was the total cost. The loan customer then has to make payments to the bank . When a loan is obtained, a customer's credit score is taken into consideration and will determine the amount of interest the customer will have to pay on the loan. A land contract avoids the use of credits scores, and payments are made directly to the property owner until the contract has been satisfied.
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The terms and conditions in a contract for a vehicle sale with payments typically include details about the down payment, monthly payment amount, interest rate, length of the payment term, consequences of late payments or default, and any additional fees or charges. It is important to carefully review and understand these terms before signing the contract.
Are you interested in buying a car through a financing plan where you make payments over time?
You get it back after meeting the terms of the contract. the LENDER will tell you how much it costs to get it back.
If you have a signed and notarized contract with him for the purchase of land, call it "parcel A", he cannot then go and sell "parcel A". Unless you have violated any of the sections of the contract, for instance, with a late or missed payment. And if you did, the contract would not necessarily have to say that it would void the contract, that could be taken as a given. (You'd need an attorney to know for sure on that last point.) You need to take your contract, and record of payments, into an attorney in your area and learn of what you can do. Meanwhile, keep making the payments, and do not be in breach of any section of that contract.
depends on contract, if your up to date on payments they usually wont. if you pay in full at time of purchase it wont be a problem
When a contract to sell a piece of land is rescinded, it means the contract is canceled. The parties are released from their obligations under the contract and must return to each other any consideration that was exchanged. The land goes back to the original owner as if the contract never existed.
A mortgage is a loan from a lending company or a bank, and usual the loan was the total cost. The loan customer then has to make payments to the bank . When a loan is obtained, a customer's credit score is taken into consideration and will determine the amount of interest the customer will have to pay on the loan. A land contract avoids the use of credits scores, and payments are made directly to the property owner until the contract has been satisfied.
Once in contract with a car dealership you are bound by law to carry out the remainder of the contract and make all payments or face criminal punishment.
depends. but contract is better than no contract
No. If *they* violated the terms of the contract, they might owe you money. But if *you* violate the terms of the contract they keep whatever you've paid. Check your contract for what they're allowed to do.
contract
It could mean the owner is selling the house under "land contract". It is much like renting, except that after a certain amounts of payments, you make the final one, and you own the house.
Sue her...Or try to talk to her.
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?