Notice of Intent to Enforce Forfeiture Provisions of Contact for Deed - Arkansas: Fill out & sign online

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What is a notice of forfeiture of land contract?

Land contract forfeiture occurs when a buyer fails to meet payment or maintenance obligations, causing the seller to reclaim ownership. Sellers must provide valid notice of default, allowing buyers an opportunity to cure bdocHubes before forfeiture.

Are land contracts legal in Arkansas?

Although legal title does not transfer in a land contract as it does in a typical real estate transaction, the nature of the agreement and the physical transfer of the property lend themselves to the buyers belief that they own the property and can do with it as they please.