A contract for deed is sometimes known as a land contract, an agreement for deed, a contract sale or real estate installment agreement. A contract for deed is useful in situations where the buyer cannot easily obtain financing from other sources. It allows the seller to retain the title to the property and agree to transfer the title to the buyer once all the payments under the agreement are made and all other obligations are met. The seller finances the purchase and holds the title or deed as security. A contract for deed also allows seller to gain interest income from the outstanding balance. The law in some states requires a seller to make additional written disclosures, including disclosures about the condition of the house and any known problems.
Inside State Laws
- Alabama Contract for Deed Law
- Alaska Contract for Deed Law
- Arizona Contract for Deed Law
- Arkansas Contract for Deed Law
- California Contract for Deed Law
- Colorado Contract for Deed Law
- Connecticut Contract for Deed Law
- Delaware Contract for Deed Law
- District of Columbia Contract for Deed Law
- Florida Contract for Deed Law
- Georgia Contract for Deed Law
- Hawaii Contract for Deed Law
- Idaho Contract for Deed Law
- Illinois Contract for Deed Law
- Indiana Contract for Deed Law
- Iowa Contract for Deed Law
- Kansas Contract for Deed Law
- Kentucky Contract for Deed Law
- Louisiana Contract for Deed Law
- Maine Contract for Deed Law
- Maryland Contract for Deed Law
- Massachusetts Contract for Deed Law
- Michigan Contract for Deed Law
- Minnesota Contract for Deed Law
- Mississippi Contract for Deed Law
- Missouri Contract for Deed Law
- Montana Contract for Deed Law
- Nebraska Contract for Deed Law
- Nevada Contract for Deed Law
- New Hampshire Contract for Deed Law
- New Jersey Contract for Deed Law
- New Mexico Contract for Deed Law
- New York Contract for Deed Law
- North Carolina Contract for Deed Law
- North Dakota Contract for Deed Law
- Ohio Contract for Deed Law
- Oklahoma Contract for Deed Law
- Oregon Contract for Deed Law
- Pennsylvania Contract for Deed Law
- Rhode Island Contract for Deed Law
- South Carolina Contract for Deed Law
- South Dakota Contract for Deed Law
- Tennessee Contract for Deed Law
- Texas Contract for Deed Law
- Utah Contract for Deed Law
- Vermont Contract for Deed Law
- Virginia Contract for Deed Law
- Washington Contract for Deed Law
- West Virginia Contract for Deed Law
- Wisconsin Contract for Deed Law
- Wyoming Contract for Deed Law