anyone familiar with Land Contract?

[Richard Tyler]

The buyer will down 25% for my lot.  The loan duration for the land contract will be for 1 year, at equal  amount of payment per month.  At the end of the 1 year, he will pay me a balloon payment.   The buyer will be getting a construction loan after escrow closing.  So after the closing of escrow, can the buyer start getting permits and build the foundation?  Or does he have to wait until the loan is paid off (a year later) in full to me, the seller, before he can start laying the foundation and then build the house on this lot?  BTW, the site is in Oregon.  Thanks.