What Does Contract for Deed Mean?

What Does Contract for Deed Mean?

First off; a deed is a legal document that transfers ownership of an asset from one to another. So what is a Contract for Deed? The seller, Sarah, signed over her real estate to Jerry, the buyer, by deed. Jerry owns the real estate.  Now let’s build on this....
Contract For Deed Pros & Cons

Contract For Deed Pros & Cons

A Contract For Deed is a legal agreement, similar to a lease or mortgage, for the sale of property between a buyer and seller, an alternative to a mortgage. When you agree to a contract for deed, you as the buyer, make payments until a predetermined amount is paid or...
Is Contract For Deed Right For You?

Is Contract For Deed Right For You?

Contract for Deed Detailed Contract for deed can introduce a new solution if you can’t get a traditional home loan through a bank near where you are currently renting.  Many individuals and families that come to Home Equity Partner to find their first home or condo...