This is the contract for deed for that gets recorded in the county you live in- Minnesota.
A land contract is a form of seller financing. It is similar to a mortgage, but rather than borrowing money from a lender or bank to buy real estate, the buyer makes payments to the real estate owner, or seller, until the purchase price is paid in full.
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Feel free to click on the link and print out a free MN contract for deed form for you to preview..
It is the law to record the deed after the sale in Minnesota.