If you are selling a real estate property in Louisiana, you can assist the buyer by carrying part or all of the purchase price with this Bond for Deed (or "purchase money mortgage").

Under the terms of the Bond for Deed, you as the seller effectively become the mortgage lender for the balance. Provisions of the Bond include:

• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.


• The seller has the right to take back the property if the buyer defaults in payment.


• At the seller's option, the balance can be repaid by monthly payments without interest, monthly with interest until paid, or monthly with interest for a set period of time with a balloon payment at the end.

This Louisiana Bond for Deed form is in MS Word format, and is fully editable to fit your exact circumstances.