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What does contract for deed mean
What does contract for deed mean



What does contract for deed mean

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Date added: 25.03.2015
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The seller's advantage is that a contract for deed is a simpler, quicker legal process than going through a lender. In addition, if the buyer does default and fails to

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A 'land contract' (sometimes known as a “contract for deed,” "agreement for deed," to the buyer; the contract either does not specify a loan or includes provisions for a loan 1 Installment payments; 2 Reasons for a land contract; 3 See also In fact, contracts for deed are used by nonprofits as a means for low and moderate- ments to a credit bureau, which most private sellers do not. Lacks the A contract for deed can get a low-income buyer into a home should he not be able to obtain conventional lending through a bank. However, there are inherent

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Jan 24, 2008 - Best Answer: Contract for deed is aka Owner Carry, Lease to Own, Rent to Own rubbing on the roof and did it without reviewing their contract. In a contract for deed, the seller retains “legal title” while the buyer gains “equitable title.” This means that while the buyer does not get a deed, they do have an Feb 16, 2011 - In a contract for deed, the seller retains a€?legal titlea€ while the buyer gains a€?equitable title.a€ This means that while the buyer does notMay 1, 2014 - CONTRACT FOR DEED This morning my day started with a Buyer questioning the terms of a sale he and his family has an interest in.


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