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News for June 2013

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 »

What is a Bond for Deed?

What is a Bond for Deed?

June 14, 2013 Bond for Deed Information

Simply put a Bond For Deed is a form of Seller Financing. It is a contract to sell Real Estate in which the purchase price is paid in installments and title is transferred after the payments are made in full. In other states, Bond for Deed is usually… Read More »