Posted by Mike on July 22, 2003 at 16:09:31:
Simply Put it is an agreement to buy a house on installment payments and the deed stays in the original owners name until the deed is fulfilled.
question - Posted by avery hodge
Posted by avery hodge on July 22, 2003 at 16:02:14:
What is a contract for deed?
Re: question - Posted by Gary (WA)
Posted by Gary (WA) on July 23, 2003 at 03:02:37:
Mike’s answer is good enough. Sometimes we make things harder than what they are. So if you don’t understand I try this, break down what you are asking, or even saying.
“What is a contract for deed?”
simply put it’s a contract that you put together for the Deed to the house.
Hope it helps