Like most agreements for the purchase and sale of real property, land contracts can result in disputes between the parties and even litigation. Our experts provide tips for avoiding problems through proper drafting as well as explain the options for handling a default including forfeiture, foreclosure, and breach of contract actions.
- Properly serve notice and adhere to the strict statutory time limits
- Join multiple claims for breach of contract and resolve outstanding title issues
- Seek a monetary judgment for outstanding payments without retaking possession of the property
- Provide for liquidated damages to aid in future settlement negotiations