Iowa Quitclaim Deed for Joint Ownership

If you are selling a real estate property in Iowa, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
• Available in MS Word format and fully editable to fit your exact circumstances.
• Intended to be used only in the State of Iowa.

Place a mortgage on a residential property with this Iowa Fixed Rate Mortgage form.

• The mortgage form contains both uniform (multistate) covenants and non-uniform covenants for acceleration, release / satisfaction, homestead exemption waiver, and redemption period, pursuant to Iowa law.
• The mortgage is being given by the borrower as security in connection with a loan and promissory note.
• This is a downloadable and fully editable legal template in MS Word format.
  
• Intended for use only in the State of Iowa.