If you fall behind in land contract payments the seller's remedy could be one of several choices. First, he could simply evict you and take back the property. Second, he could foreclose on you and offer you the opportunity to pay off the note and own the property. Third, he could file a court action against you and seek a money judgment. In that instance, he could, with the court's approval, garnish your wages to secure performance of the land contract. More than likely, the seller would simply file for eviction and take back the property and you would lose all money you have paid so far.
Answered on Jan 15th, 2014 at 4:18 PM