Owner financing is an alternative to a traditional mortgage for real estate sales where a buyer can't qualify for a mortgage. In that case you can use this Contract for Deed template to finance all or part of the purchase price.
This template is only for North Dakota.
The seller remains on title as the owner of the property, even though the buyer takes possession. Once the purchase price is paid off, the seller will transfer ownership to the buyer.
Secure a loan on a residential single-family home with this fixed rate mortgage form for North Dakota.
The mortgage form contains both uniform multi-state covenants under federal laws, and additional provisions specific to North Dakota law, including foreclosure and sale upon default, and waiver of homestead exemption.
The purpose of the mortgage is to protect the lender's security interest and ensure that the borrower makes the payments and complies with the terms of.....