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Executory Contracts in Texas Real Estate Lone Star Land Law Form

Executory Contracts in Texas Real Estate Lone Star Land Law Form

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you have to understand that land contracts have different names those also known as a land contract depending on the jurisdiction or the state you're in can be called a contract for deed a land sales contract or sometimes called an installment sales contract understand that those terms are used interchangeably and a lot of it depends on which test you're taking that'll determine which which term is going to be used now two things as we've talked about in previous videos parties to contracts have legal names and we have to know what they are the vendor is the owner and the owner is the one who gives the land contract and then the vendee is the buyer and they're the ones receiving the land contract so from here forward i'm going to be using the term vendor and vendi vendor is the owner vendi is the buyer all right land contracts they are what we call seller financing so the owner plays the role as the lender they are the bank and they are f

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