Payments under this contract should be submitted to at,. The property sold under this contract is located at, , in and is legally described These documents can be made suitable for all 50 states. ![]() Our Contract for Deed contracts are suitable for most types of property including residential, commercial property, land and farmland. In some states, a seller who repossesses a property must reimburse the buyer for the fair value of improvements to the house, as well as a reasonable amount for rent. If the buyer defaults on the payments, the seller can repossess the property. ![]() The seller retains legal title to the property until the balance is paid the buyer gets legal title to the property once the final payment is made. Under a Contract for Deed, the buyer makes regular payments to the seller until the amount owed is paid in full or the buyer finds another means to pay off the balance. A Contract for Deed is an agreement between a buyer and seller in which the seller acts as the financier. If you are looking to buy or sell a property without using traditional financing, a Contract for Deed may work well for you.
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