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Tax Treatment for a Land Contract | Home Guides | SF Gate – The land contract is like a mortgage, except the seller, rather than a bank, provides financing. The contract specifies the purchase price, the interest rate and the time period to pay off the.
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The Basics of Land Contracts | Nolo – The Basics of Land Contracts.. It is similar to a mortgage, but rather than borrowing money from a lender or bank to buy real estate, the buyer makes payments to the real estate owner, or seller, until the purchase price is paid in full.
How to Calculate Interest Rates on a Land Contract | Sapling.com – How to Calculate Interest Rates on a Land Contract. By: Karina C. Hernandez.. The initial principal balance is the difference between the purchase price and any down payment. Buyers on a land contract are often required to put 10 percent to 20 percent down. Show Comments.
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