North Dakota Contract for Deed
Owner financing is an alternative to a traditional mortgage for real estate sales where a buyer can't qualify for a mortgage. In that case you can use this Contract for Deed template to finance all or part of the purchase price.
- This template is only for North Dakota.
- The seller remains on title as the owner of the property, even though the buyer takes possession. Once the purchase price is paid off, the seller will transfer ownership to the buyer.
- If the buyer fails to keep up the payments, the seller can repossess the property. The buyer forfeits all of the payments made as liquidated damages.
When mortgage funding is hard to come by, the North Dakota Contract for Deed makes it easier for buyers to become home owners. Download your copy now.
Last Updated: 14-April-2016