



What legal remedies are available to the buyer if such misrepresentations are discovered?
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what are the disadvantages of a contract for deed Informational
- How can the buyer ensure that the property remains adequately insured?
- How does a contract for deed affect the local real estate market?
- How can the contract clearly establish the buyer's equitable interest in the property? What are the risks of the seller attempting to increase the interest rate or add new fees during the term of the contract?
- What are the potential consequences of such actions?
- How does a contract for deed differ from a traditional mortgage regarding buyer risk? How does a contract for deed differ from a traditional mortgage regarding seller risk?
- 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 interfering with the buyer's quiet enjoyment of the property?
- What are the potential challenges of enforcing a contract for deed across state lines?
- What duty does the seller have to disclose such material facts? What are the risks of the buyer not understanding the implications of a contract clause that requires them to pay the seller's legal fees in case of a dispute?
- What are the risks of the buyer failing to understand the amortization schedule or the total cost of the property? How can clear and understandable payment terms be established in the contract?
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