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Bond for Deed Information

Selling Your Home?  Consider Holding a Bond for Deed for Investment Income

Selling Your Home? Consider Holding a Bond for Deed for Investment Income

April 11, 2017 Bond for Deed Information

In today’s investment environment sellers who have no immediate need for the cash they receive out of the sale of their home are giving more and more consideration to providing seller financing, particularly to buyers with material down payment… Read More »

A New Pespective on Bond for Deed from Mortgage Lenders

A New Pespective on Bond for Deed from Mortgage Lenders

November 15, 2016 Bond for Deed Information

A funny thing happened on the way to the government bailout of the "too big to fail" mortgage lenders. As it happens, lenders with whom we have spoken of late have once again realized that having a secondary source of repayment (and foreclo… Read More »

Bond for Deed Myth of the Day

Bond for Deed Myth of the Day

August 23, 2016 Bond for Deed Information

Sellers often assume that an individual acquiring a property under a BFD must have bad credit. This may be the case in some instances, however, we see individuals daily with good credit that cannot qualify for a conventional mortgage loan. Among the … Read More »

Bond for Deed Myth of the Day

Bond for Deed Myth of the Day

July 25, 2016 Bond for Deed Information

Bond for Deed Myth of the Day -  We regularly hear, “If there is a mortgage on the property you need the mortgage holder’s approval to do a BFD”.  This often arises from a misreading of the original BFD statute that say… Read More »

When to use a Bond for Deed

When to use a Bond for Deed

June 14, 2013 Bond for Deed Information

Mortgage Not Assumable—Use a Bond for Deed whenever the existing mortgage is not assumable. Anyone can make the payments of an existing mortgage and court decisions have clearly established that permission of the mortgage company is not require… Read More »