Installment Land Contract
Here’s another free form courtesy of The Investor insights Free Forms Friday!
So, what exactly is an installment land contract?
Installment land contracts or contracts for deed are a security agreement between a seller and a buyer. It’s a great way to seller finance your deals. Here’s how it works:
- The Seller agrees to sell a property by financing the purchase for the Buyer.
- The Seller retains legal title and the Buyer receives equitable title.
- The owner-carried financing can include an existing mortgage balance or the property can be free and clear.
- Upon payment in full, the Seller hands the Buyer a deed to the property.
Voila! Another successful owner-financed transaction! Here’s the form for you to print out, email or save to your computer.
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