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We are in a contract for deed where the monthly payment was agreed to be $500 with $170 for interest and $330 for principal. The total interest paid over 5 years is $10,200. Now, the seller claims there was a mistake with the 4% interest rate, but we all agreed on the interest amount. We signed the contract in front of a notary. Does the seller have any legal grounds to demand more money now, especially since it has been 5 years and this is the first time this issue has come up?

April 19th, 2023

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