Who Pays The Taxes And Insurance?
If I sell my house on a contract for sale or a land contract and keep my financing in place, do both myself and the new buyer pay Taxes and insurance? Or does the new buyer pay only? Or do I have to pay for my own insurance but he pays taxes and his own insurance????? How does this work? Please help!!! Thank you for all Responses...
johnnyvegas007,
If you set up the Land Contract correctly, your buyer will pay the taxes and insurance. Just include them in their monthly payment.
John $Cash$ Locke
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