



What happens to the contract and the property if the buyer passes away?
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what are the disadvantages of a contract for deed Informational
- How can buyers and sellers find qualified professionals to assist them? What are the potential for conflicts of interest if one professional represents both the buyer and the seller?
- How can a more equitable and transparent framework for contracts for deed be developed? What are the potential for innovative solutions or alternative models to address the needs of both buyers and sellers?
- What are the risks of balloon payments in a contract for deed?
- How does a contract for deed affect the buyer's ability to obtain future credit?
- What are the costs and benefits of pursuing legal action to resolve a contract for deed dispute? What are the common reasons why contracts for deed end in default or dispute?
- What recourse does a seller have if the buyer breaches the contract? How does the lack of formal bank underwriting in a contract for deed affect the buyer?
- What happens if the property is damaged or destroyed during the contract period? What are the potential legal disputes that can arise from a contract for deed?
- What are the risks of the seller refusing to make necessary repairs as agreed in the contract?
- What are the risks of the property being subject to undisclosed easements or restrictive covenants that limit its use?
- What role should real estate agents or brokers play in contracts for deed? What are the ethical considerations for agents involved in such transactions?
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