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.
- A 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.
- Intended for use only in the State of Kansas.
Last Updated: 17-August-2021