Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Selling a house I bought three years ago on land contract?
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.