Legal Question in Real Estate Law in Ohio

Re: Land Contract

Dear Puchasers,

Yes you have rights and interests worthy of protection and pursuit. First, the terms of your contract will govern. Secondly, you obviously have vested interests by having paid significant sums of money.

Immediately seek the assistance of an experienced real estate Attorney to advise and guide you.

Good luck

Sincerely, J. Norman Stark

Re: Land Contract

The terms of the land contract, combined with the purchase price, control your rights. What was your obligation regarding payment of the purchase price? Is the date past? What percentage of the purchase price have you paid?

If you have paid 20% or more of the purchase price, you rights can be terminated only by foreclosure. Otherwise, a forfeiture action can be brought against you if you have failed to pay as required.

If your time to pay the balance of the purchase price has not yet arrived, you have the right to continue the contract.