|
||
|
||
| Home | Ask Your Question | Mortgage Glossary | ||
Land ContractA contract selling arrangement whereby the buyer may use and occupy land, but no deed is given by seller until the sales price has been paid. Also commonly called a conditional sales contract, installment sales contract or real property sales contract, used by some sellers when the buyer is unable to pay the full sales price on the date of sale.
|
|
||||||
|
|
>>>> |
 |
<<<< | ||||
Books about: |
|||||||
|
|
Search More Info On: |
|
|
Related Mortgage Definitions: Land Contract Land Contract A contract selling arrangement whereby the buyer may use and occupy land, but no deed is given by seller until the sales price has been paid. Also commonly called a conditional sales contract, installment sales contract or real property sales contract, used ... more... Contract Sale, Deed Contract Sale or Deed A contract between purchaser and a seller of real estate to convey title after certain conditions have been met. It is a form of installment sale. ... more... Survey Survey A measurement of land, diagram, prepared by a registered land surveyor, showing the location of the land, legal boundaries with reference to know points, its dimensions, and the location and dimensions of any buildings. ... more... Accretion Accretion The addition to land through natural forces like wind or water. Example : deposit of soil carried by a river . ... more... |
||
