Products tagged with 'purchase money mortgage'
Sort by
Display per page
Wyoming Contract for Deed
If you are selling property in Wyoming to a buyer who can't qualify for a mortgage, you can carry all or part of the purchase price with this Contract for Deed.
- A contract for deed (or purchase money mortgage) allows a buyer to pay over time, with the seller carrying the balance until the last payment is made. 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.
- Available in MS Word format.
- Intended to be used only in the State of Wyoming.
$17.99
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.
$17.99
