Get the free Land Contract form (674 Kb -- PDF) - First American Corporation

The ink first. Thin k fir s t an m her ICA n. Fall into Education Land Contract A land contract is a contract between a buyer and a private seller of a property, wherein the seller retains title to

How to fill out land contract form 674

How to fill out land contract form 674:

1. Start by downloading the land contract form 674 from a trusted source, such as a government website or a legal forms website.
2. Read through the form carefully to familiarize yourself with the sections and requirements.
3. Begin by entering the date in the provided space at the top of the form. Make sure to use the correct format, as specified in the instructions.
4. Fill in the names and contact information of the parties involved in the land contract, including the buyer and the seller.
5. Provide a detailed description of the property being sold, including the address, legal description, and any additional relevant details.
6. Specify the purchase price of the property and outline the payment terms, including the amount of the down payment, the due dates for installment payments, and any interest or finance charges that may apply.
7. Include any additional terms and conditions that both parties have agreed upon and want to be included in the contract. This may include contingencies, special provisions, or additional agreements.
8. Review the completed form to ensure that all the necessary information has been provided accurately and thoroughly.
9. Have both parties involved in the land contract sign and date the form. It is advisable to have a witness or notary public present to attest to the signatures, depending on the legal requirements in your jurisdiction.
10. Make copies of the signed land contract form 674 for all parties involved and retain the original for your records.

Who needs land contract form 674?

1. Any individual or entity involved in buying or selling real estate using a land contract may need to fill out and utilize form 674.
2. This includes individuals who are looking to sell property without involving a traditional mortgage lender and buyers who are willing to purchase real estate through seller financing.
3. Each party in the land contract transaction should have a complete and signed copy of the form for their own reference and legal protection.

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What is land contract form 674?

Land contract form 674 is a legal document used to record the sale of a property where the seller finances the purchase instead of the buyer obtaining a traditional mortgage.

Who is required to file land contract form 674?

The seller or the holder of the land contract is required to file land contract form 674.

How to fill out land contract form 674?

To fill out land contract form 674, you need to provide the details of the property being sold, the terms of the contract, information about the buyer and seller, and any other required information as per the instructions provided with the form.

What is the purpose of land contract form 674?

The purpose of land contract form 674 is to document and report the sale of a property where the seller provides financing, and to provide necessary information for tax purposes.

What information must be reported on land contract form 674?

The information that must be reported on land contract form 674 includes the property address, sale price, buyer and seller details, terms of the contract, and any other relevant information as per the form instructions.