Mortgages, loans, financial matters

The installment contract normally allows the buyer to immediately occupy and use the property, as of the effective date of the contract. However, the contract will usually have a description of permitted and prohibited usage of the property. For example, contracts for residential properties will normally not allow the buyer to use the property for [...]

The installment contract is sometimes risky and bothersome to many sellers. Consequently, many property sellers will not even consider the installment contract option unless they are unable to sell the property in a timely manner. With hesitant or unsure sellers, the down payment provision is a strong enticement to take the risk on the prospective [...]