Posted on: 14th Aug, 2008 08:14 pm
can a document titled "land contract" be considered a quit claim deed ? is a land contract different from a quit claim deed?
Hi Gena.
Welcome to the forum. Quitclaim deed is different to land contract. a land contract is similar to Owner financing or Seller financing. Here the seller retains the legal rights of the title and the buyer pays the loan on an installment. Know about owner financing at http://www.mortgagefit.com/owner-financing.html
Feel free to ask if you have any further questions.
Best of luck,
Larry
Welcome to the forum. Quitclaim deed is different to land contract. a land contract is similar to Owner financing or Seller financing. Here the seller retains the legal rights of the title and the buyer pays the loan on an installment. Know about owner financing at http://www.mortgagefit.com/owner-financing.html
Feel free to ask if you have any further questions.
Best of luck,
Larry