Foxy-Lady
Level 3
03-16-2022
08:55 PM
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My client is a nice person. This is a very close relative who he sold the property to. The land contract was recorded. They pay my client $550 per month. There is NO INTEREST. $300 is to be applied to the sale of the property. $250 is to be held to ensure the property taxes and insurance is paid this way the County could not sell it for non-payment of taxes. The Land Contract shows the payment to be $300 with no interest. I hope this clarified it.