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    Maine Contract for Deed


    A contract for deed (or land installment contract) gives a seller of real estate property in Maine a means of selling to a buyer who might not qualify for a traditional mortgage loan.

    • The seller takes over the role the mortgage lender by carrying all or part of the purchase price for the property.
    • The buyer will make regular payments of principal and interest, or principal only (both options are included in the template - you choose the one that reflects your circumstances.
    • Title to the property will transfer to the buyer once the full purchase price (plus interest if applicable) has been paid.
    • The seller has the right to take back the property if the buyer defaults under the contract.

    A land installment contract makes it easier to sell your property. Buy and download the Maine Contract for Deed form, fill it in and have it signed.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 4981