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Updated over 4 years ago,
Need Help & Virginia Attorney - Seller Financing / Land Contract
Hi BP People...
I am looking to sell some properties on installment financing provided to Buyers using Land Contracts (in a few select States).
If there is someone here on BP experienced with Land Contracts, that is willing to help me...
When our company is financing the sale of a property on a land contract contingent on the Buyer making certain specific improvements to the property, what is the best way to document and handle this? What is the appropriate document and language to use? Should this go in the Land Contract, an Addendum, into a Promissory note, or ???
How do you make sure the improvements are made as agreed, etc.?
Any help with how that is handled would be a great help.
Also, I need an Attorney, preferably in Northern Virginia, who knows all about this stuff to review our documents and help keep us out of trouble. *We need much more than a title or closing Attorney... we need someone who works in the area of creative financing, seller provided financing, real estate investor contracts outside standard Realtor forms, compliance with relevant regulations, Buyer forfeiture, eviction, foreclosure, and the related issues.
I would really appreciate any help you guys could give me.
Thank you so much!