Can Past Creditors Seize a Home I Purchase Via Land Contract?

Most land contracts allow the current owner to retain title to the property until such time as the purchase price in the contract has been fully paid. As such, creditors most likely will not have a right to pursue a home purchased under a Land Contract, as the “buyer” in a land contract is not the titled owner until all payments are made.

(Further, it is doubtful that any creditors would pursue the right to take over the Land Contract, as they would have to make payments to the owner before taking control of the asset as well).

Complete details here for Standard Legal’s Land Contract legal forms software.