What are the risks of balloon payments in a contract for deed?
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what are the disadvantages of a contract for deed Informational
- What legal rights does the buyer have to occupy and use the property without interference? What are the risks of the buyer using the property for illegal or unauthorized purposes?
- Who bears the responsibility for major repairs or renovations? What happens if the property's value declines during the contract period?
- How does bankruptcy of the buyer affect a contract for deed? How does bankruptcy of the seller affect a contract for deed?
- What are the risks of the contract containing illegal or unenforceable clauses?
- What are the potential benefits and drawbacks of government regulation of interest rates in contracts for deed?
- Can the buyer be held responsible for the seller's existing debts? What are the risks of the seller disappearing or becoming unreachable during the contract period?
- What are the risks of balloon payments in a contract for deed?
- How can a poorly written contract for deed lead to future disputes? What are the risks associated with the seller not having clear title to the property?
- How can the buyer ensure that they are adequately protected by insurance? What are the risks of the seller failing to disclose that the property has a history of pest infestation or other structural issues?
- What are the risks of the seller imposing restrictions on the buyer's ability to rent out the property? How can the contract address the issue of subletting or assignment of occupancy?
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