West Virginia Fixed Rate Note

If you are selling a real estate property in West Virginia, 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 West Virginia Contract for Deed form is in MS Word format, and is fully editable to fit your exact circumstances.

Transfer title to a West Virginia property from a seller to a trustee with this West Virginia Deed of Trust.

• A Deed of Trust is often used in place of a mortgage when purchasing real estate. It cannot be used for agricultural land.
• Under the Deed of Trust, title is conveyed by the seller to a trustee instead of to the purchaser.
• The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, taxes and insurance, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The borrower waives all right of homestead exemption in the property.

This West Virginia Deed of Trust form is provided in MS Word format, and is fully editable to meet your needs.