an agreement under which land is sold through installment payments, with the seller providing a deed to the land only after all the payments have been made.
An agreement to sell and purchase under which title is held as security by the seller until such time as the required payments to the seller have been completed.
a contract that allows a buyer to take possession of property in exchange for monthly payments until the balance is paid off, even though the seller maintains legal title to the property until the final payment is made
a contract where the seller, in effect, lends the buyer the money to buy the house
a financing arrangement, often at high interest rates, whereby land ownership remains with the seller until the total purchase price is paid
a loan between the buyer and seller and is therefore, usually unique in some or many ways
an agreement between the seller (vendor) and buyer (vendee) for the purchase of real property in which the payment of all or a portion of the selling price is deferred
an agreement for the sale of
an arrangement in which the seller retains title to the property while the buyer makes payments on the property
an installment sales contract, whereby the buyer obtains the right to occupy and use the property (and equitable title) and the seller retains legal title, until the final payment is made
a process by which a seller holds legal title and buyer makes payments on a contract similar to a mortgage
a written agreement between a buyer and a seller that the seller will give a deed to the buyer after certain conditions have been
Another name for an installment contract; financing transaction in which seller carries the buyer and holds on to title until the buyer has paid in full.
Agreement between buyer and seller of real property, setting forth the price and terms of the sale. Note that such an instrument is not a deed, merely an agreement to create a deed in the future. A deed, not a contract for deed, is required to convey an interest in property.
An installment contract for the sale of land. The seller (vendor), remains in title until paid in full. The buyer (vendee) has equitable title during the term of the contract.
An agreement to sell property wherein possession is granted to the buyer while title remains with the seller for conveyance after payment has been made. Also called land contract.
A contract between a buyer and seller. When all the terms of the contract are satisfied, the Seller conveys the Deed.
(1) A contract between a buyer and a seller of real estate where the buyer pays for the property in installments, has possession of the property and holds equitable title. Actual title is held by seller until the final payment. (2) Also called a Land Contract, an Installment Contract, or Bond for Deed.
A contract for the sale of real property wherein the seller is obligated to provide a merchantable title after the buyer has paid for the property, usually in installments.
A type of installment sale whereby the buyer makes monthly payments on property and receives the deed upon the final payment.
A financing arrangement for the sale of property whereby land ownership remains with the seller until the total purchase price is paid.
A contract for the sale of property in which the buyer receives possession of the property upon signing the contract, but the seller retains title. When the full purchase price has been paid, the deed is delivered to the buyer and title is conveyed. This type of contract is also referred to as a Contract of Sale, Conditional Sales Contract, Installment Sales Contract, or Land Contract.
Also known as a Land Contract or Land Installment Contract. A method of financing where title remains in the Seller's name until the Buyer has paid the full purchase price. A Contract for Deed will normally trigger the DUE ON SALE CLAUSE in a DEED OF TRUST or MORTGAGE but Veterans Administration regulations specifically allow Contracts for Deed without invoking the DUE ON SALE CLAUSE.
A contract for the sale of real estate wherein the purchase price is paid in periodic installments by the Purchaser, who is in possession of the property even though title is retained by the seller until the final payment.
Similar to a mortgage used in connection with the sale of property in cases where the seller does not wish to convey until part or all of the purchase price is paid by the buyer. Also know as a LAND CONTRACT. If the Buyer misses the last payment, the Seller gets the property back.
A method for buying and selling real estate. The buyer takes possession of the home or property while making payments to the seller. The seller retains legal title until the contract is paid off or converted to a Deed of Trust. Also called a Land Contract or Installment Contract.
A contract wherein an owner agrees to deliver title upon performance by a buyer of certain agreed to conditions, such as payment of the purchase price over a specific period of time.
A contract for the sale of real property in which the buyer (vendee) pays the seller (vendor) in installments. The buyer takes immediate possession of the property, but the seller retains legal title until the contract price has been paid in full.
An instrument used to sell a property with the owner carrying the note. Title is not conveyed to the purchaser until certain conditions in the contract have been made. Typically, the title is transferred at the time the note is paid in full. If you have made a sale on a contract for deed or land contract, you may or may not have a note to go along with it, since many times the repayment terms will be stated in that document.
A contract used in the sale of real property in which the seller retains legal title until all or a prescribed part of the purchase price has been paid. Thia is also known as a "Land Contract" or "Installment Sales Contract" or a "Conditional Sales Agreement".
A contract to purchase an interest in real property. Under the terms of the contract the property title passes to the purchaser only after certain conditions are met, usually after payment of part or all of the purchase price.
A contract for the sale of real estate where the deed (title) of the property is transferred only after all payments have been made. This is a risky contract, because buyers can lose their entire investment if the owner declares bankruptcy before the deed has been transferred.
A contract for the sale of real estate wherein the purchase price is paid in installments over an extended period of time by the purchaser, who is in possession while title is retained by the seller until final payment. Purchaser's payments usually may be forfeited upon default.
Similar to a mortgage, used in connection with the sale of property in cases where the seller does not wish to convey title until all or a certain part of the purchase price is paid by the buyer. (Also Land Contract)
a document that outlines the terms of a transaction between a buyer and seller.
A sales arrangement in which the seller holds title until the buyer finishes paying for the property. The terms of the sale and the payments are set in a written contract signed by the buyer and the seller. At the end of the payment period, the buyer gets title to the real estate by means of a deed. A contract for deed should be recorded
A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time.
contract for the sale of real estate wherein the purchase price is paid in periodic installments by the purchaser who is in possession although title is retained by the seller until final payment. Also called an installment contract.
A document used to secure real property when it is seller financed; contains the full agreement between the parties, including purchase price, terms of payment and any additional agreements.
A contract for the sale of real estate where the deed (title) of the property is transferred only after all the payments have been made. Also known as a land contract, conditional sales contract, or installment contract.
An agreement to sell and purchase under which title is withheld from the purchaser until such time as the required payments to the seller have been completed.
A contract ordinarily used in connection with the sale of property in cases when the seller does not wish to convey title until all or the buyer pays a certain part of the purchase price.
A financing technique wherein the seller agrees to deliver the deed at some future date and the buyer takes possession while paying the agreed amount
Also known as a Land Contract or Land Installment Contract. Transfer of a property where the title remains in the Vendors name until the Purchaser makes the final payment to the Vendor of the Purchase Price.
An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
Method of selling by which the buyer receives possession but the seller retains title