Can you sell on contract for deed if you bought on contract for deed?

Posted on: Tue, 08/24/2010 - 03:49

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Can you sell on contract for deed if you bought on contract for deed?

Just wondering if anyone knows the answer to this? What would be the pitfalls of doing this? Thanks in advance.

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Posted on: Tue, 08/24/2010 - 14:27 #1

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Just

trying to bring to the top, to get opinions.

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Posted on: Tue, 08/24/2010 - 15:23 #2

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Cathy

i've wondered that myself. my thought on it is that here in Indiana (called a land contract here) you would have equitable interest and so would the person buying from you. i'm not sure it really makes any difference, but i would want to have some way of not having to foreclose on my buyer. i talked to a woman last week about doing a land contract with her and told her i would have something in the land contract that stated if they default, they would have 7 days to leave the property and avoid foreclosure. just a thought anyway....

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