Products tagged with 'vendors lien'
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Michigan Contract for Deed
If you are selling a real estate property in Michigan, 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 Michigan.
$17.99
Texas Warranty Deed with Vendor's Lien
Transfer ownership of a real estate property in Texas from a seller to a buyer with this Warranty Deed with Vendor's Lien.
- The Warranty Deed gives the seller (the vendor) a lien over the property under a promissory note signed by the buyer and held by the vendor.
- The vendor can assign the vendor's lien to a mortgage lender after the promissory note is paid out of the proceeds of a new mortgage.
- The lender, who holds the promissory note and deed of trust, will retain superior title to the property until the loan is paid by the buyer.
- The form can also be used to place a lien by a third party lender.
- Available in MS Word format.
- Intended to be used only in the State of Texas.
$6.49
