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Mike SE IL

Posted 2/20/2017 14:39 (#5852008 - in reply to #5851473)
Subject: RE: Buy land contract for deed

West Union, Illinois

The biggest risk for the buy is the seller going bankrupt. Saw it happen just down the road. I assume if properly structured the death of the seller could be prepared for. But if the seller goes bankrupt the buyer has no protection whatsoever

Edited by Mike SE IL 2/20/2017 14:39

Buy land contract for deed - Matt3200 : 2/20/2017 09:16
- RE: Buy land contract for deed - povertypoint : 2/20/2017 10:03
- 1. re 1099--- yes, send to seller. 2. seller cannot borrow vs property 3. prepay s/b allowed - jakescia : 2/20/2017 11:04
  - RE: 1. re 1099--- yes, send to seller. 2. seller cannot borrow vs property 3. prepay s/b allowed - Drilldo : 2/20/2017 11:19
    - RE: 1. re 1099--- yes, send to seller. 2. seller cannot borrow vs property 3. prepay s/b allowed - kfb13 : 2/20/2017 12:37
- RE: Buy land contract for deed - Bruran : 2/20/2017 12:59
  - RE: Buy land contract for deed - Drilldo : 2/24/2017 11:15
- RE: Buy land contract for deed - whistle pig : 2/20/2017 13:42
- RE: Buy land contract for deed - Mike SE IL : 2/20/2017 14:39
  - RE: Buy land contract for deed----- why not? Someone else merely acquires the paper. - jakescia : 2/20/2017 18:37
- RE: Buy land contract for deed - idalivered : 2/20/2017 14:39
- RE: Buy land contract for deed - Tomcat : 2/21/2017 06:18

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