Hi Sonya, You dont own the home until the land contract is paid off. A land contract is a good way to buy a house when your credit is in rough shape or interest rates are high. You really need to be careful that you are not paying to much for the home, many of these deals look and sound pretty good with little money down BUT you end up payinh way to much for the house. Be careful to avoid some of the many scams that are out there.
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