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WHO RECEIVED PAYMENT WHEN THERE IS A MORTGAGE OR CONTRACT FOR DEED?

April 26, 2017contract deed mortgage payment received

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WHO RECEIVED PAYMENT WHEN THERE IS A MORTGAGE OR CONTRACT FOR DEED?

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This is dependent on the mortgage holder or the contract seller and the terms of your agreement with them. They may require that all or part of the money be applied to the mortgage or contract balance, or they may allow the entire payment to go to you.