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Agreement of Sale SA Property Investor  Form

Agreement of Sale SA Property Investor Form

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a land contract is similar to regular seller financing except unlike regular seller financing with a land contract you don't actually get the legal title to the property until after you meet the terms of the contract and pay off the balance owed to the seller once paid in full you get the deed but in the meantime while making payments on the land contract you the investor have what's called equitable title to the property this means the owner can sell the property to a third party or subject the property to a lien or encumbrance that would interfere with your interest in the property now the way that you protect your equitable title is by filing with the city or county what's called a memorandum of land contract this is an abbreviated legal document referencing the land contract itself this memorandum serves to put the public on notice of the buyer's interest in the real property without the parties having to publicly disclose and record the full land co

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