A Contract for Deed/Land Contract allows a real estate seller to provide financing to the buyer. The seller keeps the property's legal title while permitting the buyer to take possession. The buyer will receive the property title after paying the full purchase price plus any and all interest.
"This is the best system I have seen for lease and land contracts."
Correct, valid and up-to-date as of May 21, 2013.
A Land Contract, a Land Installment Contract, A Conditional Sales Agreement, or an Installment Sale Agreement.
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