Products tagged with 'purchase money mortgage'

Sort by

Display per page

Kansas Contract for Deed

A Contract for Deed (also called an installment sale contract or purchase money mortgage) allows the purchaser to make regular payments to the seller in much the same way as a regular mortgage.
The difference between an installment sale contract and a mortgage is that the seller retains ownership of the property until the entire amount has been paid.
Kansas law considers the purchaser an 'equitable owner', so the purchaser has many of the rights of an owner except for the ability to sell or transfer the property.
The seller can foreclose on the property if the buyer defaults in payment and doesn't cure the default within a reasonable period of time.
A Contract for Deed is an alternative to traditional mortgage financing. To download it, add it to your cart and pay for the form through our secure checkout.
Intended for use only in the State of Kansas.

$17.99

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.
This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
Intended to be used only in the State of Maine.

$17.99

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.
This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
Intended to be used only in the State of Maryland.

$17.99

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.

$17.99

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.
This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
Intended to be used only in the State of Michigan.

$17.99

Under the terms of this Contract (also known as a land contract), the seller in essence becomes the mortgage lender by allowing the purchaser to pay off the purchase price over time.
Once the purchaser has paid all of the remaining balance, plus interest, the seller will transfer ownership of the property to the purchaser.
If the purchaser fails to make the payments, the seller has the right to take back the property and keep all of the money that the purchaser has paid, as liquidated damages.
By using a Contract for Deed, a Minnesota property owner can secure the outstanding balance owing under the contract.
Available in MS Word format.
Intended to be used only in the State of Minnesota.

$17.99