Posted by Mike on June 27, 2011 at 08:56:55:
You would want to have a clause in your land contract allowing the seller to convey seller’s interest in the contract (and usually a clause that does not allow the buyer to assign/transfer/convey interest). If neither of these are present I’m not sure and you should consult an attorney in your state. I guess it is possible that AL disallows any transferring of interest in a land contract, but that seems unlikely. I’m not a lawyer you should check with one that practices in AL.