



How can the contract specify acceptable uses of the property? What are the risks of the seller miscalculating or incorrectly applying interest or payments?
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what are the disadvantages of a contract for deed Informational
- What are the risks of the buyer assigning their interest in the contract to a less creditworthy individual? How can the contract address the issue of the buyer's assignment?
- What are the risks of the seller claiming that the buyer is in default for minor or technical reasons? How can the contract define what constitutes a material breach of the agreement?
- What policy changes could address the disadvantages and risks associated with contracts for deed? How can community organizations and non-profits provide support and education to individuals considering contracts for deed?
- What are the risks of the seller maintaining control over the insurance policy even after the buyer has taken possession?
- What are the disadvantages of a contract for deed
- How can the contract specify responsibility for HOA dues and assessments?
- What are the legal limitations on a minor's ability to enter into binding agreements?
- What are the risks of the property being located in a flood zone or other natural disaster-prone area? Who is responsible for obtaining and maintaining flood insurance or other necessary coverage?
- What are the seller's tax obligations in a contract for deed transaction?
- How can such predatory practices be identified and prevented?
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