Legal Question in Real Estate Law in Kentucky

land contract

purchased home on land contract. two years, making all payments. also paying insurance insurance. two were late - but paid with late fee.(not consecutive). Seller comes as says that he did not sell the house as a rental and wanted me to get a loan to pay him off. no specifications in contract. said because i was late on those two payments (last year) he can demand full payment. contract states that ''if two payments have failed to be made when due and payable that all installments may be due and payable. Can he force me to get a loan to pay him off or take back the house?


Asked on 9/08/07, 4:56 pm

1 Answer from Attorneys
Philip Owens Philip M. Owens, Attorney at Law

Re: land contract

In a normal "land contract" the fact situation that you set out would not be the basis for demanding full payment. On the other hand, the contract controls and every contract is different in some respects. Without reading it, I would be unable to advise you correctly. I would, if I were you, go see a local attorney and let him read it. You have too much at stake here.

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Answered on 9/08/07, 7:07 pm


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