Louisiana Bond for Deed
If you are selling a real estate property in Louisiana, you can assist the buyer by carrying part or all of the purchase price with this Bond for Deed (also known as a land contract or purchase money mortgage).
- The Bond for Deed is not a sale contract or a transfer. It's basically an agreement to sell, meaning that the property will be conveyed to the buyer once all the terms and conditions have been fulfilled.
- In essence, the seller takes the place of a mortgage lender by allowing the buyer to pay off the purchase price of the real estate property over time.
- Once the final payment is made, the seller will provide the buyer with an executed warranty deed to transfer ownership of the property to the buyer.
- If the buyer fails to make the payments as set out in the agreement, the seller is entitled to keep all payments made and to take possession of the property. The seller is also entitled to keep all improvements made to the property by the buyer.
- This is a MS Word template form and is fully editable to fit your exact circumstances.
- Intended for use only in the State of Louisiana.
Louisiana Fixed Rate Mortgage
This Fixed Rate Mortgage template is for residential home loans in the State of Louisiana.
- Acceleration of the mortgage if the borrower defaults.
- Borrower's right to reinstate after acceleration.
- Lender's right to commence foreclosure proceedings after acceleration.
- Appointment of a keeper after seizure.
- Cancellation after payment in full of the mortgage loan.
- Waiver of homestead rights.
- Inclusion of servitude and component parts under the mortgage.
- Modification of certain provisions for community-owned property.
- Available in MS Word format.
- Intended to be used only in the State of Louisiana.
Louisiana Warranty Deed Form
Convey title to a Louisiana real estate property from a seller to a buyer with this General Warranty Deed form.
What is a general warranty deed?
A general warranty deed is the usual form for conveyance of real estate in Louisiana. This type of deed offers the buyer a comprehensive level of protection against future claims and liens.
Louisiana warranty deeds may be referred to as Acts of Sales or Cash Sales. State laws do not require a statutory form of warranty deed.
What is contained in this General Warranty Deed?
The grantor (seller) warrants that they are the rightful owner of the property and have the legal right to convey title to the property over to the grantee (buyer).
The grantor warrants that the property is free and clear of all liens and encumbrances and that there are no outstanding claims on the property from a creditor.
Format and Legal Jurisdiction
This General Warranty Deed form is a downloadable MS Word document which is easy to use. It is prepared in accordance with Louisiana laws and should only be used within that State.