Posts Tagged ‘contract’

is a verbal agreement between two adults still considered a legal contract? if agreement is broken by either?

party, can they be taken to court?

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Can anyone tell me how to go about selling a Land Contract?

I have sold a home on Land Contract, and need to know how to go about selling the agreement to someone else.
Please no goofy answers as I am very seious.

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Is buying a house through a land contract a good idea?

My husband and I found a small house and we absolutely fell in love with it. We work together and make $52,000 a year. The house we’re looking at only costs $75,000. The problem is that we only have 5% to put down and we don’t have enough established credit to get a loan (we’re only 22 and have only had credit cards for 3 years). The owners are willing to do a land contract – is this a good idea?

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How to figure principal and interest for a land contract?

Im selling a house on a land contract. The payment is 250 per month for 5 years at 7%. Total principal is 24,000. Baloon payment after 5 years to pay off balance. Buyer makes irregular payments so tracking interest is difficult. I cant find a program to do what i need it to do. The contract says the ballon payment will be 17,761.72 so do I assume that that figure is a constant or can it be adjusted? Im lost after 10 months. I know he is behind on payments but dont know the amount that will catch him up.

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What are your thoughts on a land contract?

A reliable close friend of the family (close enough to actually be a member) is interested in a land contract with my home.

They were not approved for the full amount to purchase so we offered a land contract.
They just don’t have enough credit established.

I have never been in this situation before. I trust them, I just wanted to hear someone else’s experiences or thoughts on this.

Thanks! :)
They are close, but I don’t see them very often. Believe me, as with anyone they would be evicted and taken to court… A deal is a deal. So I’m not all that concerned about the way the family feels. :)

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How much does it cost to have an attorney make a contract legal?

I have a contract and need an attorney to sign it and make it legal does anyone know how much this would cost

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Does a video game TOS agreement constitute a legal contract and can you be in legal trouble for breaking one?

I am curious as to whether or not you can get in legal trouble for breaking a terms of service agreement (or nondiscolusure agreement). I am mostly talking about the agreements you agree to when you sign up for beta tests or play online video games.

For instance, could somebody using hacks in CounterStrike or Everquest have anything happen to them other than getting their account suspended? I’m almost sure that nobody has ever been brought to court over such a case mainly because it isn’t worth the time or effort – but is it possible?

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I have a power of attorney for my granddad- Can he sign the contract to sell his home or should the POA sign?

I have a power of attorney for my grandfather. I need to know if it matters if he signs the contract to sell the home or if I should sign the contract. I would like to keep him involved in the process. He will not be at settlement so I am wondering if I should just sign all the paperwork or if it’ll be ok for him to sign the contract?

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What is the difference between a Land Contract and RTO?

Can anyone tell me what the difference between a Land Contract and a Rent To Own home? And I am in the state of Indiana if that makes a difference.

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Who pays taxes when purchasing real estate through a land contract?

I am going to be purchasing a condo on Land Contract. We have everything negotiated so far except for who will be paying the taxes. Is it generally either the buyer or the seller, or is it completely determined by negotiating? Thanks!

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Land Contracts

do it yourself Land Contract software from Standard Legal


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