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Land Contracts or Contract for Deeds are always risky.In Texas, a few years back, the burden was shifted to the seller because so many people were losing their homes under this type of arrangement.You can't really protect yourself, you are strictly depending on the seller to live up to the contract, some will, but many will not be able too.Your only recourse is to sue the seller for damages, but this is not cheap.Weigh the odds of the contract vs rent, see what you think if the deal falls apart later.Good Luck!
James Callas - Realtor®
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For Sale: $25,000
For Sale: $16,500
For Sale: $99,000