



What are the risks of the seller verbally promising repairs or improvements that are not included in the written contract?
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what are the disadvantages of a contract for deed Informational
- What are the risks of the seller maintaining control over the insurance policy even after the buyer has taken possession?
- What legal remedies are available to the buyer if the seller breaches the repair obligations? What are the risks of the buyer making payments into an escrow account that is not properly managed or insured?
- What are the potential for conflicts of interest if the seller's attorney also prepares the contract for deed?
- Who is responsible for ensuring compliance with these regulations?
- What are the risks of the property being subject to environmental regulations or restrictions that were not disclosed?
- Are prepayment penalties regulated by law in the context of contracts for deed? What are the risks of the buyer making partial payments that are not properly credited by the seller?
- What legal remedies are available to the buyer in such a situation?
- What are the risks of the seller having multiple liens or mortgages on the property that collectively exceed its value?
- What are the risks of the property being subject to eminent domain or government seizure during the contract period?
- What are the potential for unintended consequences of overly strict regulations?
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