Reasons NOT to Use a Land Contract (ft. Eric Scharaga)

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Website: https://www.ericscharaga.com

In the world of seller financing, the land contract (contract for deed) is a well-known type of lending instrument, but it has some fundamental issues that can come into play for both parties, especially if the seller/lender (that's you) ever wants to sell their note to another investor.

In this conversation with Eric Scharaga, we discuss some key reasons not to use this document and why you may want to consider opting for a mortgage or deed of trust instead.

Note: Please do not interpret any part of this lesson or video as legal advice. Nobody in this conversation is a licensed attorney, and you should pursue legal advice in the state where you work before acting on anything we discuss here.