Is seller finances land are they responsible for land upkeep I.e. fences etc until loan paid off?
Thanks for visiting our site and posting on the forum. In regards to seller financing, the terms, conditions and who is responsible for the upkeep of the land really depend on your contract. Sometimes the owner financing contract will dictate that the buyer is responsible for all upkeep just as if he/she was purchasing the land with a loan from the bank, and other times the seller maintains responsibility until the loan is paid off. If you’re not sure what’s in your contract or what local laws are, I would consult with a real estate attorney.
All the best,
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