Hi, if the buyer defaults, what is the name of the court motion that the seller must file to regain physical possession (we already recorded the special warranty deed from buyer back to seller) ?
Unfortunately, this is a legal question that we are unable to answer as we don't provide legal advice. However, you can possibly go to our Legal Topics Section and find what you are needing uslegal.com/legal-topics/ If we can be of further assistance let us know.
You have the wrong understanding. The seller is not paying anything. The sell OWNS the house and you are paying him for the house per the terms of your contract-for-deed. The only partied involved are you the buyer, and the seller. No one else is getting paid.
Thanks for much for this very detailed explanation of how contract for deed works. I feel great now having "some knowledge" to present to my buyers.
My dad sold many houses on contract-for-deed, I never heard him complain.
Hi, if the buyer defaults, what is the name of the court motion that the seller must file to regain physical possession (we already recorded the special warranty deed from buyer back to seller) ?
Unfortunately, this is a legal question that we are unable to answer as we don't provide legal advice. However, you can possibly go to our Legal Topics Section and find what you are needing uslegal.com/legal-topics/
If we can be of further assistance let us know.
It's in the contract
Hi , if the seller brings on liens or defaults by not paying the funds i gave them , what will happen would all my funds be lost ?
Following
You have the wrong understanding. The seller is not paying anything. The sell OWNS the house and you are paying him for the house per the terms of your contract-for-deed. The only partied involved are you the buyer, and the seller. No one else is getting paid.
@@artkyger3425 okay , appreciate your response ; lot of moving parts in this subject area.