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Is a sales disclosure form required with a land contract? If so, what is the Sales Price?

April 26, 2017contract disclosure form land price sales

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Is a sales disclosure form required with a land contract? If so, what is the Sales Price?

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Yes, a sales disclosure is required with the recording of a land contract. The Sales Price is the original land contract amount. Furthermore, at the time a deed is recorded to complete the land contract, the Sales Price is the original land contract amount.