Massachusetts Contract for Deed
This Massachusetts Contract for Deed form offers buyers and sellers an alternative to traditional mortgage financing for the purchase of a residential property.
- The seller basically takes on the role of the mortgage lender, and the buyer makes monthly payments against the purchase price.
- Interest accrues on the unpaid balance.
- If the buyer defaults in making payments or in performing its other obligations under the contract, the seller must serve notice of the default with a date by which the breach must be cured.
- If the breach is not cured within the allotted time, the seller can retake possession of the property. All of the payments made by the buyer would then be forfeited.
You can download the Massachusetts Contract for Deed template as soon as you purchase it.
Last Updated: 14-April-2016