Walk It Through: The Land Contract

Ninety days to cure after the notice, and sixty days to set a forfeiture aside.

A buyer paying for a house on a land contract misses payments, and the seller records a notice of intent to forfeit.

Two things a person in this spot might do. Picking one shows what the law says about it.

One land contract and one run of missed payments. A court ordered public sale, defaults that are not about money, and mortgages are not worked through here.

A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.

Words this turns on

Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.

Notice of intent to forfeitThe notice a seller gives before forfeiting a real estate contract, describing each default, itemizing what is owed, and stating that the contract will be forfeited unless all defaults are cured by a date not less than ninety days after the notice is recorded.