|

Refinance and Mortgage Encyclopedia - land contract
Land ContractA contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder for sale in which the sellerA person who makes a transfer of title to real estate. retains titleTitle is the evidence of ownership. In essence, title is more important than ownership because having until the buyerA market participant who takes a long futures position or buys an option. An option buyer is also called completes installment paymentsPartial payments made to home improvement contractors as the work is being done. for the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. The sale is not recorded until title passes to the buyer. (See also Contract for DeedSee "installment land contract"). Land ContractA contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder used in a sale of real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. whereby the sellerA person who makes a transfer of title to real estate. retains titleTitle is the evidence of ownership. In essence, title is more important than ownership because having to the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. until all or a prescribed part of the purchase priceThe amount the borrower paid to purchase a home. has been paidThis is the amount of tax posted as paid for the year in question, either in installment payments or. Also commonly calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer a conditional sales contractA contract by which buyer and seller agree to the terms of the sale., installment sales contractCommonly called contract of sale or "land contract." Purchase of real estate wherein the purchase price or real property sales contractAn agreement to convey title to real property upon satisfaction of specified conditions which does not. (See REAL Land ContractAn installment contractSame or similar to "contract to purchase." See also "contract to purchase" under "mortgage." for the sale of landThe material of the earth, whatever may be the ingredients of which it is composed, whether soil, rock,. The sellerA person who makes a transfer of title to real estate. has legal titleTitle is the evidence of ownership. In essence, title is more important than ownership because having until paidThis is the amount of tax posted as paid for the year in question, either in installment payments or in full. The buyerA market participant who takes a long futures position or buys an option. An option buyer is also called has equitable titleThe interest of the purchase under an installment land contract (see below). during the contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder termThe time period by the end of which a debt must be fully repaid. Also refers to the maturity period. Land contractSame or similar to " contract to purchaseSame or similar to "mortgage." See "contract to purchase" under "mortgage."." See also " contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder to purchase" under " mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security.."
|
|
| |
| | |
Home | Why Refinance? | Apply NOW! | Debt consolidation | Mortgage | Insurance | Blog | Contact Us
|