Installment land contracts provide for the debtor's forfeiture of the property in the event of a default.

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Installment land contracts, also known as contract for deed or land contract, typically include a provision that allows the seller to retain legal title to the property until the buyer has paid the purchase price in full. In the event of a default by the buyer, the seller can terminate the contract, retain all payments made, and regain possession of the property, effectively resulting in the buyer's forfeiture of the property.

Installment Land Contracts Provide for the Debtor's Forfeiture of the Property