Installment Land Sales Contract
Definition of "Installment land sales contract"
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.
Popular Real Estate Terms
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Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...
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Situation in which an owner of property sells the property to an investor and then leases the property back, usually for a 20- or 30- year term. ...
Market price pf all the property prior to a condemnation proceeding. ...
Offering price. ...
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