Land Contracts / Contract for Deed in New Jersey

[Greg Gallucci]

Does anyone have expierence using land contracts in New Jersey. I am looking to get started using this type of financing but am curious if this type of financing works well in NJ where demand for multi family income properties are high (and expensive).

Thanks

Greg

[Steve Vaughan]

Sorry to chime in while not being from NJ, but I would never do a land contract or contract for deed.  You don't get title to the property until you pay it off with those.  I would protect myself with a note and deed of trust / mortgage.   That way if the seller later gets sued or goes into default with something, liens won't attach to 'your' property!