Seller Financing | Land Contracts | Deeds of Contracts

What is a Land Contract? A Land Contract also known as "Contract for Deed" or "Seller Financing" is a loan through the seller you are buying the real estate/property from instead of getting a conventional bank loan or having a mortgage through a financial institution. The seller holds the title or deed and gives buyer equitable title until the contract is fully satisfied by the buyer. Then buyer will get full ownership to the property.  Just like a bank loan, a land contract normally has a down payment, interest rate...