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Correct Contract For Deed

Correct Contract For Deed

Aug 6th, 2022

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How to Correct Contract For Deed

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In this video, Michelle discusses the concept of a contract for deed in real estate transactions. She explains that when purchasing property—such as land, a house, or a business—buyers have several options, including outright purchase, lease with a purchase option, or a contract for deed. A contract for deed involves the buyer making payments to the property owner or a third-party entity, like a bank, over a specified period. These payments can vary, including regular monthly payments or a lump-sum payment at the end. The key distinction is that the buyer does not legally own the property until all payments are completed.

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