Posted by Edwin on July 12, 2007 at 22:13:23:
you get an insurance payoff if you make sure the buyer keeps a policy in force with you as the beneficiary.
contract for deed - Posted by Big Joe
Posted by Big Joe on July 12, 2007 at 18:43:54:
If i sell a property i own via contract for deed, what happens if the house burns down? I owe 150k and will sell for 240k hopefully getting 10-12k down.
Why do a CFD? - Posted by dealmaker
Posted by dealmaker on July 13, 2007 at 05:23:03:
If you’ve got a buyer with that much downstroke (instead of the $385.47 most of them seem to have) there is no reason to do a CFD. Unless your goal is to have them fail and walk away in which case you’ll get the (probably damaged) house back.
CFDs are a device to move a “difficult to move” property, or sell to a very weak buyer. Which is this?
dealmaker