Frequently Asked Questions

 A Land Contract, also known as a Contract for Deed, is a legal agreement between a buyer and seller for the purchase of property. The buyer agrees to make payments directly to the seller, allowing them to occupy and use the property while making payments. 

A Land Contract is considered a mortgage and requires that certain rules be followed. If a property is owned under a company or LLC, the law requires that it be serviced by a licensed mortgage compnay.  

Land Contract Service by SGMS provides you with a custom Land Contract that is designed to protect you and your investment. By allowing us to service your contract, we adhere to all that legal and IRS requirements for reporting and Escrow Services.

In the unfortunate event that someone stops paying their Land Contract payments, our legal staff will step in and start the legal process immediately. This quick action can save you months of losses. 

 For Real Estate Agents and Title Companies, partnering with Land Contract Service means offering added value to your clients. We ensure proper land contract origination and servicing, protecting your clients' interests and enhancing your reputation. 

  Absolutely! If you're currently managing your land contracts and wish to simplify the process, we can seamlessly take over the management. Our team will guide you through the transition, making it effortless for you. 

  Our fees vary based on the services you require and the complexity of your land contracts. We'll provide a transparent breakdown of all fees during our initial consultation. 

   We structure land contracts to prioritize your interests and protect your investment. Our meticulous approach and attention to legal compliance ensure that your property transaction is secure and well-managed.