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.
• The template is available in MS Word format.
• Intended to be used only in the Commonwealth of Massachusetts.