Skip the mortgage broker and offer to assist the buyer of your home by carrying the purchase price under this Kansas Contract for Deed.
- A Contract for Deed (also called an installment sale contract or purchase money mortgage) allows the purchaser to make regular payments to the seller in much the same way as a regular mortgage.
- The difference between an installment sale contract and a mortgage is that the seller retains ownership of the property until the entire amount has been paid.
- Kansas law considers the purchaser an 'equitable owner', so the purchaser has many of the rights of an owner except for the ability to sell or transfer the property.
- The seller can foreclose on the property if the buyer defaults in payment and doesn't cure the default within a reasonable period of time.
The Kansas Contract for Deed
is an alternative to traditional mortgage financing. To download it, add it to your cart and pay for the form through our secure checkout.
Last Updated: 14-April-2016