California Installment Land Sale Contract with Power of Sale
State:
California
Control #:
CA-RE-LIC-0034512-1
Format:
Word;
Rich Text
Instant download
Description
Installment Land Sale Contract with Power of Sale dealing with Vendor and Vendee. Generally, this a type of contract for the purchase and sale of real property in which the seller provides financing to the purchaser, without the use of a third-party lender. Under this financial arrangement, the purchaser takes equitable title to the real property and has the right to possession and use of the real property while making installment payments to the seller. The seller retains legal title to the real property until the purchaser fully pays off the loan, at which point the seller records a deed transferring legal title to the purchaser.
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