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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