Products tagged with 'vendor take-back agreement'

If you are selling a real estate property in Delaware, 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 available in MS Word format and is fully editable to fit your exact circumstances.
• Intended to be used only in the State of Delaware.

You've found a buyer for your home, but they can't qualify for a conventional mortgage. If you can let them pay the purchase price over time, then this Florida Contract for Deed is for you.

• Under the Contract for Deed (or 'land contract'), the seller essentially becomes the mortgage lender. The buyer makes payments against principal and interest to the seller instead of to a bank.
• At the end of the agreed period of time, the remaining balance is payable in one balloon payment.
• If the buyer defaults, the seller has the right to terminate the agreement and take possession of the property. The buyer would forfeit all payments made.
• Available in MS Word format.
• Intended to be used only in the State of Florida.

Selling a property in Hawaii to a buyer who can't get a mortgage loan? You can finance the purchase price with this Agreement of Sale.

• An Agreement of Sale works rather like a contract for deed, because it allows the buyer to pay off the purchase price of the property over time ("seller financing").
• The buyer pays a downpayment at the time the Agreement is signed. The buyer then makes monthly payments towards the balance, with a balloon payment of the entire amount outstanding at the end of the payment term.
• The buyer can prepay all or part of the outstanding balance at any time.
• If the buyer defaults in making payments or performing any of its obligations, the seller can immediately demand payment of the entire unpaid balance with interest and take possession of the property.
• If your buyer can't get a conventional mortgage, do it yourself with this Agreement of Sale form.
• Intended to be used only in the State of Hawaii.

If you are selling a real estate property in Idaho, 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.
• Available in in MS Word format and fully editable to fit your exact circumstances.
• Intended to be ued only in the State of Idaho.

When traditional mortgage sources tighten their requirements, some buyers no longer qualify. That's when a vendor assisted solution like this Indiana Contract for Deed is a good alternative.

• A contract for deed can also be used to provide bridge financing.
• The seller essentially takes the role of the mortgage lender and carries the balance of the purchase money.
• The buyer can pay off the balance by (i) monthly payments with interest until all of it is paid, or (ii) monthly payments with interest for a fixed number of payments with a balloon payment at the end.
• 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 is in default.
• Available in MS Word format.
• Intended to be used only in the State of Indiana.

If you are selling a real estate property in Iowa, 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.
• Available in MS Word format and fully editable to fit your exact circumstances.
• Intended to be used only in the State of Iowa.