The Installment Land Contract--A National Viewpoint

Authors

Dale A. Whitman, University of Missouri School of LawFollow
Grant S. Nelson, University of California, Los AngelesFollow

Document Type

Article

Publication Date

1977

Abstract

The installment land contract is rarely used in some states, but in many it is the predominant means of vendor financing of land sales. Much has been written about it, but nearly all of the literature focuses on the law of one particular state or another. Our purpose here is to provide a nationwide perspective, with particular attention to the states in which the contract has been widely used and extensively litigated. We propose to examine the reasons for the installment contract's popularity, its advantages and disadvantages, and the risks it presents to both vendor and purchaser.

Recommended Citation

Grant S. Nelson & Dale A. Whitman, The Installment Land Contract--A National Viewpoint, 1977 BUY L. Rev. 541 (1977).