Who typically pays for title search and insurance?
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what are the disadvantages of a contract for deed Informational
- Are there any consumer protection agencies that oversee contracts for deed? What information should a buyer provide to a lender if they later try to refinance?
- What are the risks of the buyer failing to secure adequate homeowner's insurance? What are the potential financial consequences of uninsured losses?
- What are the risks of the buyer not fully understanding the long-term financial commitment involved in a contract for deed? How can financial counseling help buyers make informed decisions?
- What are the potential benefits and drawbacks of government regulation of interest rates in contracts for deed?
- What are the risks of the seller verbally promising repairs or improvements that are not included in the written contract?
- What are the risks of the seller using a contract for deed to circumvent consumer protection laws? How can buyers protect themselves from such practices?
- What are the risks of the buyer not understanding their rights if the seller files for bankruptcy? How can a buyer protect their interest in the property during the seller's bankruptcy proceedings?
- Who is typically responsible for property maintenance and repairs under a contract for deed?
- How can alternative dispute resolution methods be made more accessible to parties involved in contract for deed disputes? What are the specific challenges faced by non-English speaking buyers or sellers entering into contracts for deed?
- What legal protections does a seller have under a contract for deed? What happens if the buyer defaults on a contract for deed?
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