Posted by Eric C on October 17, 2002 at 17:03:25:
Hi Tim -
Until John weighs in –
The Real Estate Center at Texas A&M has a pretty good overview of the new Contract for Deed regs. You can find it here:
Suffice it to say, that the rules have definitely changed and the obvious intent of the legislature was to discourage the use of CFDs.
They’re still done everyday, but the penalties can be substantial.