Nebraska
Buy and download standard template Mortgage Forms for Nebraska. Convenient and easy to use.
- Nebraska is a deed of trust state, and residential mortgage loans are most commonly secured by a deed of trust instead of a mortgage. Title to the property is conveyed to a third party (such as a title insurance company or an escrow agent).
- If the borrower defaults, the lender can foreclose either through a non-judicial sale of the property by the trustee or through a judicial foreclosure proceeding.
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Nebraska Contract for Deed
A Contract for Deed (also called a land contract) is a form of seller financing that gives Nebraskans who can't qualify for regular mortgage financing a chance to purchase a home.
- The buyer will pay an initial downpayment, and then pay off the balance in regular payments.
- This template contains several alternate provisions for payment options, one with a balloon payment at the end.
- There are also alternate provisions for interest or no interest (for instance, if you were carrying the balance for a family member you might choose not to charge interest).
- You can choose the appropriate clauses for payment of taxes, insurance and assessments, based on whether the purchaser or the seller will be paying those expenses.
- A contract for deed (land contract) allows many more first-time home buyers to get into the property market.
- Available in MS Word format.
- Intended to be used only in the State of Nebraska.
$17.99
Nebraska Deed of Trust
A Deed of Trust is often used instead of a mortgage when securing a loan to purchase real estate (except for agricultural land) in the State of Nebraska.
- Under the Deed of Trust, title is conveyed from the seller to a trustee (such as title company) who then holds the property as security during the term of the mortgage loan.
- If the purchaser defaults under the Deed of Trust or the note, the trustee has the power to sell the property.
- The Deed of Trust contains uniform covenants regarding loan payments, hazard insurance, realty taxes, care and maintenance of the property, protection of the lender's security, and other standard clauses.
- Available in MS Word format.
- Intended to be used only in the State of Nebraska.
$17.99
