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Updated over 2 years ago on . Most recent reply

Tatyana Baytler's profile image
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Tatyana Baytler
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  • from Derwood, Maryland
  • Member since Oct 30, 2016
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Tatyana Baytler's profile image
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Tatyana Baytler
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  • from Derwood, Maryland
  • Member since Oct 30, 2016
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Tatyana Baytler
  • Investor
  • Derwood, MD
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Creative Real Estate Financing

Question about LAND contract (contract for DEED)

Tatyana Baytler
  • Investor
  • Derwood, MD
Posted

Hello,

I have a buyer who is interested to purchase a home from me with contract for deed.  We would consider Land contract . My question about contract. Is it recorded or only memorandum recorded?

Please advise

Tatyana

Baltimore, Maryland
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By law the land installment contract itself is supposed to be recorded in the Land Records within 15 days of execution. If the seller fails to record the purchaser can cancel and receive a refund of all payments. The Maryland code sections you'll want to review are found in the Real Property article, title 10, subtitle 1. Good luck. 

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