Legal Question in Real Estate Law in Minnesota

raw land development

I ran into a group that will purchase your property after 90 to 120 days if you allow them to use your property for investment purposes, what they do is have an agreement with the seller that states after 90 days the grant deed will be signed over to them once they've paid you for the full sale price of the property. Are there any problems with this? And is the seller protected??


Asked on 5/07/07, 10:08 pm

1 Answer from Attorneys
Steven Vatndal Law Office of Steven J. Vatndal

Re: raw land development

I need more details to answer. It sounds like they get an option for 90 or 120 days and the sale is closed (money paid and deed given) at the end of that time. I assume they have a written agreement that gives more details. If you are interested, ask them for a copy of the agreement they would be using and then e-mail me with a few more details.

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Answered on 5/08/07, 8:55 am


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