Installment Land Sales Contract


Definition of "Installment land sales contract"

Naomi Campbell
Naomi Campbell Coldwell Banker Residential

An installment sale of land whereby the seller accepts a mortgage from the purchaser to complete the conveyance. After the mortgage has been satisfied, the deed is conveyed to the purchaser. In an installment land sales contract, the property deed is acquired after all installment payments have been completed.

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