Porscheâs Mission E may be very explicitly a concept carâits exaggerated lines and ridiculous ride height attest to that. But its mission is abundantly clear: This all-electric performance sedan is out for Tesla blood.
A land contract is a written legal contract, or agreement, used to purchase real estate, such as vacant land, a house, an apartment building, a commercial building, or other real property. A land contract is a form of seller financing.
When third party lenders are involved, typically a lien, as part of a mortgage or trust deed, is placed on the property, in which the value of the property serves as collateral until the loan is paid in full. Other terms for a land contract include the following: contract for deed.