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How does a Land Contract for Deed Work?

April 26, 2017contract deed land

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How does a Land Contract for Deed Work?

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A Contract for Deed is known by many things. Land Contract, Land Contract Sale, Contract for Deed, Deed for Title. All of these terms describe a type of transaction where the owner of the proprety participates in the financing. Typically this type of owner financing has many more benefits than a lease option, but not necessarily as much as a seller carry back.