Legal Question in Real Estate Law in Wyoming
Contract for Deed
What constitutes default? If I am late with a pyment can I lose my land?
Asked on 6/09/06, 11:53 pm
1 Answer from Attorneys
Thomas Lubnau
Lubnau Law Office, P.C.
Re: Contract for Deed
Yes. Wyoming is one of the few states in the nation that have strict default rules on contracts for deeds. It depends on the language of your contract, but basically, you can pay on time all the way to the last payment, miss the deadline, and loose everything.
You should see a lawyer asap.
Answered on 6/10/06, 6:51 pm