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Not all of the installment contract’s burdens are solely on the buyer. The seller must also meet certain obligations or face a substantial lawsuit.
The seller is normally responsible for paying the real estate taxes on the subject property. If the seller currently has a mortgage on the property, the payments must be made [...]

Installment contracts are normally short-term agreements, with most contracts in effect for only three, five or seven years. In effect, the installment contract is a balloon program. At the conclusion of the balloon term, the buyer must still satisfy a large principal balance.
The typical installment contract will require that the buyer obtain a [...]