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Thursday, November 21, 2019

What is the mean by Contract for deed in real estate?

If you are searching for the meaning of Contract for deed in real estate and also a definition of Contract for deed,  then this blog post is helpful for you

Definition

A contract for the sale of real estate where the deed (title) of the property is transferred only after all the payments has been made. Also known as a land contract, agreement of sale, conditional sales contract, or instalment contract. Buyers should be wary of this type of contract, since they can lose their entire investment if the owner declares bankruptcy, before the deed has been transferred. 

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