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In this video, the creator discusses the difference between owner financing and contract for deed, also known as installment plan contract. They explain that contract for deed is essentially a form of owner financing, with the main difference being when the deed transfers. Owner financing is when the seller acts as the bank, owning a house free and clear while the buyer pays in installments. Contract for deed involves the deed transferring to the buyer after they fulfill the contract terms. This distinction can be confusing, as they are essentially the same concept with a slight variation in when ownership transfers.
