Contract For Deed Rights

Summary

In Illinois for a contract for deed agreement: you maintain equitable title, not legal title. The seller may retain the right to the property until full payment. You have the right to sell your interests or to will it. Please consult a professional for your specific situation.

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Need to know my legal rights with the contract for deed agreement I currently have on the property I'm buying
Hello ****, could you please tell me in which state the property is located? Laws regarding contract for deed agreements can vary by state.
Illinois
Hello ****, in Illinois for a contract for deed agreement:
- You maintain equitable title, not legal title.
- The seller may retain the right to the property until full payment.
- You have the right to sell your interests or to will it.
Please consult a professional for your specific situation.