Lou Diamond Phillips. Lou Diamond Phillips Net Worth is $5 Million. Lou Diamond Phillips is an actor, film and television director with a net worth of $5 million. Lou Diamond Phillips has earned his net worth as a well known actor of films and television with one of his m. Lou Diamond Phillips (born L...
DEFINITION of 'Land Contract'. An agreement between a buyer and seller of property in which the buyer makes payments toward full ownership (as with a mortgage), but in a land contract, the title or deed is held by the owner until the full payment is made. land contract can be thought of as a lease with an option to buy. Certain states have more generous legal rights for land contract holders than others. As a result, the world of land contracts can be difficult to navigate.
10 hilariously insightful foreign words. A land contract is a contract between the buyer and a private seller of a property, wherein the seller holds the title or deed to the property until all agreed upon payments have been made in full. sold a house on a land contract on a 60 month to be a balloon payment at the end. the buyer had no intention of paying the balloon payment and forged or signatures using our sin at the tax office to put himself on the deed, claim chapter 13 and i can't get him out. sellers beware.