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What is an Agreement For Deed?
An agreement for deed is an agreement between a property owner and a buyer where both parties agree to forego a mortgage loan in favor of payments. The a greement for deed is often used when a buyer is not a suitable candidate for a traditional mortgage.
By signing the agreement for deed, the buyer doesn't go through the mortgage process and instead agrees to pay the property price to the seller in monthly installments. The buyer can occupy the house as long as the payment is made regularly and the agreement is signed, and doesn't receive the deed to the property until payments are made in full. For the buyer to officially own the house, the total amount written in the contract must be paid.
Who Helps With Agreement For Deeds?
Lawyers with backgrounds working on agreement for deeds work with clients to help. Do you need help with an agreement for deed?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate agreement for deeds. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.