Legal Question in Real Estate Law in Illinois
Can I change the locks on a property once a contract for deed has been terminated and after giving time to move out and they're gone?
Also what am I to do if items are left in the house by the tenant?
Asked on 4/28/15, 6:09 am
1 Answer from Attorneys
Your installment contract should identify your remedies.
NORMALLY, but not necessarily in your case, until a certain percentage of the price is paid, the arrangement is like a landlord-tenant relationship and you are supposed to 'evict'. Once a certain percentage is paid the law automatically converts the arrangement into an "equitable mortgage" and the remedy is foreclosure.
Take your contract to an attorney for review.
Answered on 4/29/15, 7:20 am
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