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Updated over 16 years ago,

Ty Y's profile image
Ty Y's profile image
Ty Y
  • Real Estate Investor
  • from Honolulu
  • Member since Jul 10, 2008
Connect

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Ty Y's profile image
Ty Y's profile image
Ty Y
  • Real Estate Investor
  • from Honolulu
  • Member since Jul 10, 2008
Connect
Ty Y
  • Real Estate Investor
  • Honolulu
0
Votes |
4
Posts
General Real Estate Investing

LC for free and clear only?

Ty Y
  • Real Estate Investor
  • Honolulu
Posted

I am trying to get my head round land contracts. Is it used when the seller owns the property free and clear? If not... please elaborate.

lets say I buy via LC and sell via LO. If seller has an original mortgage there are now 3 people involved with "notes." who the heck gets to deduct what? I need to be set straight.

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