I was offered to buy a house on contract for deed int the state of Illinois, and I was wondering about the laws that pertain to that. Can anyone help me? :confused:

Laws in what area? Contracts for sale are basically composed of an agreement on the buyer's part to pay a certain amount (down pmt and monthly) for a specified term. At the end of the term the seller transfers the property to the buyer.

Contracts for sale often include a baloon payment to allow the buyer to obtain their own financing.

You should have a real estate lawyer check the contract.