But after Mr. Phillips took on the starring role in ''La Bamba,'' the new film biography of Valens, the Valenzuela family paid him the highest compliment of all. ''They all called me Ritchie,'' said Mr. Phillips. ''Ritchie's brother Mario hasn't called me Lou yet.'' Similar Outlooks.
The best structure depends on who you are. From a buyer's perspective, the trust deed is preferable, as he gets ownership of the property. It also helps to insulate him from the seller. On the other hand, a land contract gives the seller more control since she retains ownership of the deed.
When the terms of the Land Contract have been meet, it is the responsibility of the land seller to give the Buyer, title to the new owner and record or deliver the Deed in favor of the buyer, named in the land contract. This is also called a contract for deed. Here is more information on How To Use A Land Contract. Information Needed To Draft Your Land Contract form. 1  The legal description, usually from your deed. 2  Determine a fair Interest Rate. 3  Amount of interest you would like to charge the land buyer for the term of loan.