Products tagged with 'purchase money mortgage'
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Mississippi Contract for Deed
Sell a real estate property to a buyer over time under the terms of this Mississippi Contract for Deed.
- 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 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 Mississippi.
$17.99
Missouri Contract for Deed
In Missouri, a Contract for Deed is used to sell real estate in circumstances where conventional mortgage financing may not be available to the buyer.
- A contract for deed is also known as a "land contract" or "installment purchase agreement".
- The seller basically takes over the role of the mortgage lender. The buyer pays the purchase price in installment payments until the principal and interest is paid in full.
- Title to the property remains in the seller's name until the full amount has been paid, at which point the seller transfers and conveys the title to the buyer.
- The seller can foreclose on the property if the buyer defaults in making payments.
- This is a downloadable legal form in MS Word format.
- Intended for use only in the State of Missouri.
$17.99
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
Nevada Contract for Deed
This Contract for Deed (installment sales contract or land contract) gives sellers the ability to sell a Nevada property to a buyer who does not qualify for a conventional mortgage loan.
- The contract for deed is an owner financed transaction in which the seller also becomes the mortgage lender.
- Even though the buyer takes possession of the property, title remains with the seller until all of the purchase price, plus interest (if any), has been paid in full.
- The seller has the right to repossess the property if the buyer fails to keep up the payments.
- The template includes several different repayment methods. Just choose the one you want and delete the others.
- When selling to a family member or close friend, a Contract for Deed is often a good solution.
- The form is available in MS Word format.
- Intended to be used only in the State of Nevada.
$17.99
New Hampshire Contract for Deed
If you are selling a real estate property in New Hampshire, 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.
- This Contract for Deed form is in MS Word format and is fully editable to fit your exact circumstances.
- Intended to be used only in the State of New Hampshire.
$17.99
New Jersey Contract for Deed
If you are selling a real estate property in New Jersey, 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.
- This Contract for Deed form is in MS Word format and is fully editable to fit your exact circumstances.
- Intended to be used only in the State of New Jersey.
$17.99
