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so what is a land sale contract a landslide contract is similar in many ways to a security deed except is simply a contract with the lender and borrower entering to an agreement whereby the seller of the land maintains title or continues to own the property until the purchaser slash borrower pays the entire value for the land once the borrower pays off the land then the lender seller transfers title ownership to the land to the purchaser or borrower this is more common in farmland or or cattle land things like that situations but it provides a greater degree of protection for the seller lender in that they maintain ownership of the land throughout the process until the entirety of the loan is paid off okay now in most cases uh the borrower purchaser of the land uh begins paying the insurance and taxes on the land from that moment and in many cases they begin using the land for whatever purpose such as farming or raising cattle from the inception of the land sale contract
