A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage
2. a security device
3. similar to a lease
4. a lease with an option to buy
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Home » Business » A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage 2. a security device 3. similar to a lease 4.