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Updated over 9 years ago,

User Stats

10
Posts
2
Votes
Colin Buckley
  • Oswego, IL
2
Votes |
10
Posts

Selling a house I bought three years ago on land contract?

Colin Buckley
  • Oswego, IL
Posted

This is a difficult scenario to search for, so I couldn't find anything.

I have a house that I bought in early 2012 (in Illinois) on a Contract For Deed (land contract).

I still owe money on the house (and do not have the deed), and now I want to sell it this summer.

I don't really know the best way to go about doing that.  Would I sell the contract?  Have some sort of double-closing?  I'm sure I have to involve the guy I bought it from in some capacity.

Thanks.  Sorry if this has been discussed before.

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