


What are the potential for disputes arising from informal or unwritten modifications? What are the risks of the buyer making payments in cash without proper documentation or receipts?
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what are the disadvantages of a contract for deed Informational
- Does the seller retain full ownership of the property until the final payment?
- What legal recourse does the buyer have in such a situation?
- What are the risks of the seller failing to properly notify the buyer of a default or impending foreclosure?
- What are the risks of the buyer failing to secure adequate homeowner's insurance? What are the potential financial consequences of uninsured losses?
- What legal process must the seller follow to evict a buyer under a contract for deed? What are the risks of the buyer making improvements to the property that violate local zoning ordinances or building codes?
- What are the risks of the seller failing to disclose that the property is located in a designated historical district? What restrictions or obligations might apply to properties in historical districts?
- Who typically pays for title search and insurance?
- What are the risks
- How can a buyer assess the seller's financial stability and ability to deliver the title? How can a seller assess the buyer's financial ability to fulfill the contract terms?
- What are the risks of the buyer obtaining their own insurance without the seller's knowledge or consent? What are the risks of the seller failing to pay property taxes, leading to a tax lien or foreclosure?
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