Posted by Bud Branstetter on February 24, 1999 at 21:57:57:
You are starting, in this price range house, to find a more sophiscated buyer that may want a contract for deed recorded. Or just feels more comfortable with an AITD. As far as future sale of note there are people that will buy a contract for deed. Although, the warranty deed is still preferred.
Two ways I might do it. One is to put title in a land trust and sell on contract for the beneficial interest. The other is to do the AITD but take the note in the name of a note trust.
My attorney some time ago pointed out that because of the foreclosure laws in Texas it takes no time to foreclose. Depending on the amount of money paid in on a contract it could take up to 60 days to let them cure the default. Even not that long, many judges will force you to foreclose, if they fight it, even after you cancel the contract.