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Not being an attorney or real estate expert, this answer will have to be generic in nature, until a pro can improve it. I think that, in Texas, a Contract for Deed is a method of purchase of real property in which the BUYER does NOT generate ANY EQUITY as payments are made [as with a warranty deed]. All ownership, interest, and equity REMAINS with the SELLER UNTIL the last payment has been made, and all fees, costs, and documents transferring title to the BUYER have been executed and filed with the County Clerk.
What else can I help you with?
free legal form for contract for deed ?
free legal form for contract for deed
Does owner financing and contract for deed mean the same thing?
When a home seller offers "owner financing", they are essentially offering to hold a mortgage note for the deed on the property. The mortgage note is the "contract". The contract pledges the deed to the buyer once they pay in full. Once the "contract" is paid off, then the deed is transferred to the buyer as the new owner.
Who has Responsibility of repairs to property in a Contract for Deed?
That issue should be addressed in the contract.
Should you sell my house with a contract for deed?
It could be possible only when you execute a power of attorney in favour of me prior to the execution of contract for deed of sale.
If a person is found in breach of contract can their name be removed from deed?
You would need to make that request part of the lawsuit for breach of contract. Removal of a name from a deed would need a deed signed by that person or a court order.
What is a palindrome for a document outlining a contract of ownership?
Deed
Palindrome for a written document outlining a contract?
deed
What is a contract by deed?
You may be thinking of a contract FOR deed. These should be avoided due to complexity of the law, but it is when the seller keeps title to the property until the sales price is fully paid.
Can your Contract For Deed payments be added to your credit report?
99999
Is a deed a contract?
No. It is your proof of ownership of a house or a piece of land.
Is an oral contract to sell a house binding if the buyer paid the price and received the deed of conveyance?
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
I bought a house on contract bond for deed the seller took out a mortgage on this house and we recently found out that he is losing it by foreclosure what do I do?
You need to seek the advice of an attorney in your area ASAP. Bring a copy of your contract with you. You have encountered one of the worst disadvantages of purchasing real estate via a contract for deed. You can read all the aspects of such a sale at the link below. Scroll down to "Contract For Deed".
