Land contracts and due on transfer clause
We are negotiating a land contract with another couple. We were worried because we heard that they has an existing mortgage on the property. He says that it won’t be a problem although he can’t get it in writing from the mortgage company. This is why he says it won’t be a problem:

”If you were to buy the house from us via land contract, the deed would not get transferred until the land contract was paid off. As such, there is no assumption to worry about. The prevent the bank from having a problem with the ‘sale of interest’, we would simply put the land contract in escrow rather than recording it. Doing so would be in your best interest and it would ensure that the deed it immmediately released…”

Is this true?

Land Contract and Tennant Eviction
My husband and I entered into a lease with an option to buy at the end. The property is our shop w/ an apt. upstairs. My brother in law moved in upstairs and wanted to be a 3rd owner when it came time to actually buy. Our ORAL agreement was, you pay a 1/3 of everything, utilites taxes etc. Ok we’ll do that. Well of course he hasn’t lived up to his end of the deal paying 0 utilites and taxes for the past 10 months. There is nothing in writing, including a lease. I in the process of having him evicted to reclaim the apartment to rent to someone else. We can’t keep supporting him. Does he have any claim at being a part owner? I am following all the legal steps to have him removed, gave him 30 days and am filing in the courthouse tomorrow. He’s supposedly gotten a lawyer but since he’s paid nothing except his rent to live there I can’t see he has a leg to stand on. His name is not on our lease, nor did we sign anything with him in regards to this.
Do I need to get a lawyer?

land contract
Can owner of a home enforce the terms of a land contract when he has quit claim deeded the property to me?Had a land contract but could not record it so owner deeded it to me, can he enforce the terms of land contract.

Hello. I purchased a small condo a couple years ago in Michigan with the intention of eventually moving out and having my sister (who has serious health problems and cant afford rent) live there. Recently, the president of the Condo Association has been complaining about too many units being turned into rentals in the complex and said that my sister could never move in because then my unit would be considered a rental. Initially, when I purchased the property my real estate agent said it wouldn’t be a problem having my sister live there because I could simply have a “land contract” written up. Is a land contract really the solution? Should I seek an attorney?

Land contracts
I signed a Land Contract in July 2006, now the person I’m buying the house from states she sending my family a eviction notice and that we have to move within 30 days. My contract says she has to give us a 15 day written notice to correct any defaults we have made but she’s not doing this. Does she have the legal right to evict us and to demand the house back. Our contract was written for 2 years. When we bought the house she moved to Kentucky and doing the eviciton from down there.