Florida Contract for Deed

You've found a buyer for your home, but they can't qualify for a conventional mortgage. If you can let them pay the purchase price over time, then this Florida Contract for Deed is for you.

• Under the Contract for Deed (or 'land contract'), the seller essentially becomes the mortgage lender. The buyer makes payments against principal and interest to the seller instead of to a bank.
• At the end of the agreed period of time, the remaining balance is payable in one balloon payment.
• If the buyer defaults, the seller has the right to terminate the agreement and take possession of the property. The buyer would forfeit all payments made.
• Available in MS Word format.
• Intended to be used only in the State of Florida.