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...

Comments(1)

  • JohnLocke4th October, 2008

    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
    [addsig]

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