Real Estate

Live Online

Contracts for Deed (Land Contracts): Drafting, Tax, Default, and Enforcement

Credits Available
Credit Status Total
Alaska CLE Reciprocity 4 Total
Alabama CLE Approved 4 Total
Arkansas CLE Approved 4 Total
Arizona CLE Approved 4 Total
California CLE Approved 4 Total
Colorado CLE Approved 5 Total
Connecticut CLE Approved 4 Total
Delaware CLE Approved 4 Total
Florida CLE Approved 5 Total
Georgia CLE Approved 4 Total
Hawaii CLE Approved 4 Total
Iowa CLE Approved 4 Total
Idaho CLE Pending 4 Total
Illinois CLE Approved 4 Total
Indiana CLE Approved 4 Total
Kansas CLE Approved 4.5 Total
Kentucky CLE Approved 4 Total
Louisiana CLE Approved 4 Total
Maine CLE Approved 4 Total
Minnesota CLE Approved 4 Total
Missouri CLE Approved 4.8 Total
Northern Mariana Islands CLE Approved 4 Total
Mississippi CLE Approved 4 Total
Montana CLE Pending 4 Total
North Carolina CLE Approved 4 Total
North Dakota CLE Approved 4 Total
Nebraska CLE Approved 4 Total
New Hampshire CLE Approved 4 Total
New Jersey CLE Approved 4.8 Total
New Mexico CLE Approved 4 Total
Nevada CLE Approved 4 Total
New York CLE Approved 4.5 Total
Ohio CLE Approved 4 Total
Oklahoma CLE Approved 5 Total
Oregon CLE Approved 4 Total
Pennsylvania CLE Approved 4 Total
Rhode Island CLE Approved 4.5 Total
South Carolina CLE Approved 4 Total
Tennessee CLE Approved 4 Total
Texas CLE Approved 4 Total
Utah CLE Approved 4 Total
Virginia CLE Approved 4 Total
Vermont CLE Approved 4 Total
Washington CLE Approved 4 Total
Wisconsin CLE Approved 4.5 Total
West Virginia CLE Approved 4.8 Total
Wyoming CLE Approved 4 Total
Arizona CPE for Accountants Approved 4.5 Total
New York CPE for Accountants Approved 4.5 Total
Washington CPE for Accountants Approved 4.5 Total
Wisconsin CPE for Accountants Approved 4.8 Total
CPE for Accountants/NASBA Approved 4.5 Total
Live Online
4 hours
Iryna Lomaga Carey
James Randall
Kerrianne Donovan
Kristina Ogland
With Iryna Lomaga Carey from Kurzman Eisenberg Corbin & Lever, LLP + 3 others

Tue, Dec 15, 00:00 AM – 00:00 PM

Product ID 102784

Register For Course

Course Includes
$389

Live Webinar Registration

OnDemand Recording

Course Book Download

OnDemand content will be available within 7 days of event date.

Overview

Is Your Land Contract Built to Last?

Higher interest rates and tightening credit have pushed a growing number of buyers and sellers toward creative financing, like contracts for deed (aka land contracts). Yet “simple” seller-financed deals can be a minefield for the unprepared practitioner.

This complete guide will show you how it's done: how to determine when a contract for deed is the right tool, how to draft one that holds up, and how to handle default, forfeiture, and enforcement when a deal goes sideways. You'll leave with a model land contract and the confidence to advise clients. Register today!

  • Evaluate creative financing options and determine when a contract for deed is the best fit for your client's transaction.
  • Draft a contract for deed from essential terms through boilerplate.
  • Anticipate the tax consequences of installment sales before they become client suprises.
  • Respond to a defaulting buyer with a clear roadmap.
  • Apply land contract strategy to family transfers, farm and ranch deals, recreational land, and small commercial property.

Abbreviated Agenda

  1. Land Contracts vs. Other Creative Financing Arrangements
  2. Drafting Contracts for Deed (With Sample)
  3. Tax Treatment and Planning
  4. Default, Forfeiture, and Enforcement
  5. Special Applications of Land Contracts: Pros, Cons, and Practical Drafting Wrinkles

Can't Attend Live?

Get the OnDemand Instead

Watch the recording of this event on your own schedule. We'll notify you when its ready.

Related Topics

Product ID 102784

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 4 Total
Alabama CLE Approved 4 Total
Arkansas CLE Approved 4 Total
Arizona CLE Approved 4 Total
California CLE Approved 4 Total
Colorado CLE Approved 5 Total
Connecticut CLE Approved 4 Total
Delaware CLE Approved 4 Total
Florida CLE Approved 5 Total
Georgia CLE Approved 4 Total
Hawaii CLE Approved 4 Total
Iowa CLE Approved 4 Total
Idaho CLE Pending 4 Total
Illinois CLE Approved 4 Total
Indiana CLE Approved 4 Total
Kansas CLE Approved 4.5 Total
Kentucky CLE Approved 4 Total
Louisiana CLE Approved 4 Total
Maine CLE Approved 4 Total
Minnesota CLE Approved 4 Total
Missouri CLE Approved 4.8 Total
Northern Mariana Islands CLE Approved 4 Total
Mississippi CLE Approved 4 Total
Montana CLE Pending 4 Total
North Carolina CLE Approved 4 Total
North Dakota CLE Approved 4 Total
Nebraska CLE Approved 4 Total
New Hampshire CLE Approved 4 Total
New Jersey CLE Approved 4.8 Total
New Mexico CLE Approved 4 Total
Nevada CLE Approved 4 Total
New York CLE Approved 4.5 Total
Ohio CLE Approved 4 Total
Oklahoma CLE Approved 5 Total
Oregon CLE Approved 4 Total
Pennsylvania CLE Approved 4 Total
Rhode Island CLE Approved 4.5 Total
South Carolina CLE Approved 4 Total
Tennessee CLE Approved 4 Total
Texas CLE Approved 4 Total
Utah CLE Approved 4 Total
Virginia CLE Approved 4 Total
Vermont CLE Approved 4 Total
Washington CLE Approved 4 Total
Wisconsin CLE Approved 4.5 Total
West Virginia CLE Approved 4.8 Total
Wyoming CLE Approved 4 Total
Arizona CPE for Accountants Approved 4.5 Total
New York CPE for Accountants Approved 4.5 Total
Washington CPE for Accountants Approved 4.5 Total
Wisconsin CPE for Accountants Approved 4.8 Total
CPE for Accountants/NASBA Approved 4.5 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. Land Contracts vs. Other Creative Financing Arrangements

    1. When Land Contracts Make Sense - and When They Don't
    2. Seller Carryback
    3. Wraparound
    4. Lease-Option/Lease-Purchase

  2. Drafting Contracts for Deed (With Sample)

    1. Representing Buyers vs. Representing Sellers
    2. Essential Terms (Price, Interest, Term, Balloon Provisions)
    3. Disclosure and Notice Requirements
    4. Title, Escrow, and Recording Considerations
    5. The Underlying Mortgage/Due-on-Sale Issue
    6. Allocating Risk and Insurance
    7. Assignment and Transferability
    8. Drafting Default and Remedy Provisions That Hold Up
    9. Planning for Death or Incapacity During the Contract Term
    10. Boilerplate Terms and Common Drafting Mistakes to Avoid

  3. Tax Treatment and Planning

    1. Installment Sale Reporting Under IRC §453
    2. Imputed Interest
    3. Allocating Payments Between Principal and Interest
    4. Property Tax Responsibility and Timing of Ownership for Tax Purposes
    5. Depreciation, Basis, and Recapture Issues
    6. Structuring Land Contracts for Tax Efficiency

  4. Default, Forfeiture, and Enforcement

    1. Grounds for Default
    2. Seller's Right to Accelerate the Debt
    3. Reinstatement Rights and Cure Periods
    4. Forfeiture vs. Judicial Foreclosure
    5. Statutory Redemption Periods and Buyer Protections
    6. Eviction: Getting the Process Right
    7. What Happens if the Seller Files for Bankruptcy Mid-Contract

  5. Special Applications of Land Contracts: Pros, Cons, and Practical Drafting Wrinkles

    1. Family Transfers and Succession Planning
    2. Farm and Ranch Transactions
    3. Vacant Land and Recreational Property
    4. Small Commercial Transactions

Who Should Attend

This program is designed for attorneys. Paralegals and accountants may also benefit.

Speakers

Iryna Lomaga Carey
Iryna
Lomaga Carey
Kurzman Eisenberg Corbin & Lever, LLP
James J Randall Sr.
James J.
Randall, Sr.
Randall, Masri & Randall P.C.
Kerrianne A Donovan
Kerrianne A.
Donovan
Bowles Rice LLP
Kristina Ogland
Kristina
Ogland
Estreen & Ogland
Speaker bio
Iryna Lomaga Carey

Iryna Lomaga Carey

Kurzman Eisenberg Corbin & Lever, LLP
Iryna Lomaga Carey

is a partner in the real estate practice at Kurzman Eisenberg Corbin & Lever, LLP. Her practice focuses on commercial sales & acquisitions, joint ventures, and commercial leasing and commercial real estate finance, representing prominent real estate owners and developers in all facets of ownership. Ms. Lomaga Carey has a wealth of experience representing office and shopping center landlords and tenants in a wide array of leasing transactions. She has extensive experience handling due diligence in connection with significant real estate acquisitions of both real property and debt portfolios. Ms. Lomaga Carey is active in her local community, serving as a board member of a number of non-profit organizations and has been the captain of her local volunteer ambulance squad for over ten years. She earned her B.S. degree from the University of Vermont and her J.D. degree, cum laude, from Seton Hall University School of Law. Ms. Lomaga Carey is admitted to practice law in New Jersey and New York.

View full profile
Speaker bio
James J Randall Sr.

James J. Randall, Sr.

Randall, Masri & Randall P.C.
James Randall

is a shareholder in the Monett law firm of Randall, Masri & Randall, P.C. He has practiced law for nearly 50 years. Mr. Randall's practice focuses on litigation, medical/legal issues, business transactions and estate planning. He is a former bankruptcy examiner for the U.S. Bankruptcy Court. Mr. Randall has lectured to attorneys, CPAs, insurance adjusters and medical personnel. He earned his A.B. degree from Rockhurst College and his J.D. degree from St. Louis University. Mr. Randall is a member of The Missouri Bar and is admitted to practice before the U.S. District Courts of Missouri and Arkansas.

View full profile
Speaker bio
Kerrianne A Donovan

Kerrianne A. Donovan

Bowles Rice LLP
Kerrianne Donovan

is a licensed title agent for Pennsylvania and West Virginia for the law firm of Bowles Rice LLP in its Canonsburg, Pennsylvania (Southpointe) office. She has broad experience in the sale and acquisition of real property that involves residential, commercial and industrial properties; new developments; vacant land and subdivisions and like-kind exchanges; including title examination, clearing title, corporate due diligence, closing and settlement. Ms. Donovan specializes in new construction transactions and Pennsylvania property tax analysis, including interim taxes. She routinely handles title insurance for transactions in Pennsylvania and West Virginia, and collaborates with national and regional developers, builders and lenders. She is on the Education Commitment for the Pennsylvania Land Title Association. Ms. Donovan earned her associate degree from Douglas School of Business and a certificate in paralegal studies from Boston University-Metropolitan College.

View full profile
Speaker bio
Kristina Ogland

Kristina Ogland

Estreen & Ogland
Kristina Ogland

is a partner at Estreen & Ogland in Hudson, Wisconsin. She has extensive experience in a broad range of real estate transactions involving sales, leasing, development, taxation and litigation. For over 40 years, Ms. Ogland has represented clients with sound guidance and empathetic support. Her range of experience includes representing both individuals and entities seeking tax deferral under section 1031 of the IRS Code, business formations and dissolutions, litigating cases involving boundary disputes, adverse possession, and the interpretation of contractual clauses related to title and ownership interests. Ms. Ogland earned her undergraduate degree from Iowa State University and her J.D. degree from William Mitchell College of Law.

View full profile
Loading recommendations...

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 7 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us