Bond for Deed Information
One of the most frustrating costs for many homebuyers using conventional financing is Private Mortgage Insurance, commonly known as PMI. PMI is required when a
One of the most frustrating costs for many homebuyers using conventional financing is Private Mortgage Insurance, commonly known as PMI. PMI is required when a
Another situation where Bond for Deed transactions appear frequently is among long-time real estate investors who are beginning to plan their estates. Many of these
One of the most misunderstood features of a Bond for Deed transaction is that the buyer receives possession and the economic benefits of homeownership, while legal
In today’s real estate environment, many borrowers struggle to bring enough cash to the closing table. Between rising insurance costs, higher interest rates, and the
A common question from sellers is whether it makes more sense to use a bond for deed or a private (seller-financed) mortgage. The first question
One of the most common questions asked by bond for deed sellers is: “What happens if the buyer stops making payments?” In Louisiana, this situation
A question that occasionally arises from both buyers and sellers is: “What happens if one of the parties dies?” This concern is especially common when
A properly drafted bond for deed contains a feature that many people find counterintuitive: a special mortgage. This special mortgage is not given by the
Another common concern surrounding bond for deed transactions is how they are treated in the event of a bankruptcy, whether filed by the seller or
One of the most common and understandable questions from bond for deed purchasers is this: “If the title stays in the seller’s name, what happens
In a bond for deed, it is often said that the purchaser takes on both the burdens and the benefits of homeownership. That description is
A very common misconception about bond for deeds is the belief that their terms must match—or somehow track—the terms of an existing mortgage. This is