Legal Question in Real Estate Law in Minnesota

Minnesota Contract for Deed

I have a 1985 Harley Davidson in great condition. I just put it up for sale($9000). A man offered me $3500.00 down and $500/month. Not that bad of a deal in these times. I would get what I wanted to get and I would have it in 1 year.

I was looking at the Contract for Deed portion of this website and it looks like the details of responsibility are pretty clear. However, does this hold up in a court? How much work would I be getting myself into if the buyer quit paying? And what happens if the buyer crashes the bike after 2 months?

Thanks for your knowledge! This site is really great.

Tim


Asked on 8/05/08, 12:20 pm

1 Answer from Attorneys
Chad Johnson Hellmuth & Johnson, PLLC

Re: Minnesota Contract for Deed

A contract for deed is typically meant for real estate transactions. You would need different documentation. Let me know if I can be of assistance.

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Answered on 8/06/08, 11:28 am


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