 |
Land Contract |
| |
 |
When my land contract is paid off, who pays
the closing costs, how do I know how much
it will be, and how do I pay it? |
| |
| |
 |
If your contract is properly drawn up, it should contain the answer to your questions. A good contract is a blueprint for the closing. At any rate, in most states the seller pays the transfer tax. If you don't have any new mortgage involved, closing costs shouldn't be too steep. I could give you advice about title insuralnce and legal precautions, but those should really come from your own attorney. If I were buying on a land contract, I think I'd consult a real estate lawyer at the start of the whole thing (before signing anything), and again at the end. |
| |
|
Edith
Originally published on October 10, 2007 |
| |
| |
|
Back to Summary
|
< Previous | Next > |
| |
|
|
