A Land Contract can be sold or assigned to a third party purchaser — assuming that the terms of the Land Contract itself permits such an assignment or sale.
Often times, the terms of the contract between the parties will specifically prohibit such transfer or assignment.
So you must review the terms of your Land Contract document carefully to see if such a topic is addressed within. If sale or transfer is not prohibited in the language of the document, such action can be taken.
To create a fair ‘contract for deed’ at an affordable do-it-yourself price, see Standard Legal’s Land Contract legal forms software.
To get such a document professionally readied for signature, see Standard Legal’s Land Contract document preparation service.