Walk It Through: The Land Contract Notice
A house bought on a real estate contract, a notice of intent to forfeit, and the declaration.
A family buying a house on a real estate contract falls behind, 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 house and one real estate contract. Mortgages, lease-option agreements and a court-ordered public sale 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.