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Installment Land Contracts and Lease/Option Agreements

Why Installment Land Contracts (ILC) and Lease/Option Agreements Are Risky Co-Author:  Zac Grey This article was last updated on November 5, 2024. For buyers, using an installment land contract (ILC), also known as a “contract for deed,” or a lease with an option to purchase can be risky. Often, these methods are used when buyers … Continue Reading

Who Can Lien On Whom?

  A construction lender lends funds to an owner. The owner acts as its own general contractor and hires subcontractors to build a building on the owner’s property. For whatever reason (e.g. mismanagement, embezzlement, bad luck), the owner does not pay the subs. The subs stop work and file mechanic’s liens. Neither the lender nor … Continue Reading

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