how can we protect ourselves as the buyer of a land contract home... who pays the taxes on the property and who can claim them on their tax return? how much would it cost to get an attorney to look over the contract and see it through?Also, we are going through a foreclosure ourselves and our credit isn't good plus we are filing bankruptcy early 2010, so we feel we have to buy on land contract and hope that in 2-3 years, our credit will be in good standing. OR what about rent with an option? Is it similar to a land contract? and should we obtain a lawyer to see that through? Oh, an d we'll be filing bankruptcy BEFORE we purchase a home on a land contract OR rent with an option. We are still living in the home that will be foreclosed soon... still waiting on the bank to notify us of a sheriff's sale.