Legal Question in Real Estate Law in Illinois

Re: buying a house

In a "normal" transaction, you usually get your own loan and the seller gets all of his money at closing. You would own the property at closing in this type tranaction. If the seller sells to you on contract, the seller would remain the owner, and you would make payments to the seller. When all the payments were made, the seller would then deed the property to you. And please, make sure you have an attorney represent you. I have seen far too many one sided contracts.