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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingLand contract Seller Payback 80% if Buyer defaut
Jake Bourgraf's profile image
Jake Bourgraf's profile image
Jake Bourgraf
Pro Member
  • Investor
  • from Cincinnati, Ohio
  • Member since Aug 25, 2022
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Jake Bourgraf's profile image
Jake Bourgraf's profile image
Jake Bourgraf
Pro Member
  • Investor
  • from Cincinnati, Ohio
  • Member since Aug 25, 2022
Connect
Jake Bourgraf
Pro Member
  • Investor
  • Cincinnati, OH
8
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12
Posts
Creative Real Estate Financing

Land contract Seller Payback 80% if Buyer defaut

Jake Bourgraf
Pro Member
  • Investor
  • Cincinnati, OH
Posted May 23 2024, 09:36

I just got off the phone with a seller who states that in a land contract, he would have to pay back up to 80% of payments to the buyer if the buyer defaults. Thus, he wants nothing to do with carrying the note. This is in OHIO, and I can not find anywhere that it states what he is saying. Has anyone run into this or have anything that states it or not? 

Cincinnati, Ohio
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