Contract for Deed

We purchase contract for deeds, mortgages, trust deeds & real estate contracts locally and nationwide. We can provide you the funds you need quickly and purchase first, second and wraparound mortgages.

• Top dollar paid
• No points or hidden fees
• Fast closings

C & A Financial Programs, Inc. specializes in the purchase of owner-financed notes secured by contracts for deed. We provide cash liquidity for real estate owners who have sold their property and taken back a contract for deed for part of the purchase price.

C & A Financial Programs, Inc. will do all of the work associated with purchasing your seller held contract for deed at no extra cost to you. You will be quoted a net amount to purchase your contract for deed. C & A Financial Programs, Inc. will pay for all title searches, appraisal costs and all other expenses related to closing the transaction.

If you have a contract for deed to sell, fill out our Mortgage Quote Form and send it and we will get the process started, or call today and let our team of experts assist you in finding the plan that is best for you!

DEED, in law, a written instrument for the transfer of title to real estate. At common law, the deed was a contract or obligation under seal, and a seal is still required in England (even if only a wafer), though no longer necessary in most places in the United States. Although customarily recited in a deed, neither consideration (the giving of something of value), witnesses nor acknowledgment before a public official is generally necessary to transfer title. Delivery is required but may be complete without manual transfer of the deed; acts or words of the grantor indicating his intention to make the deed presently operative are sufficient. A deed may also be handed over conditionally as an escrow (q.v.), in which case it will not take effect until the specified conditions are fulfilled. A deed indented, or indenture (q.v.), so called because of its indented counterparts that can be fitted together for identification, is one between two or more parties who contract mutually; a deed poll (with a polled or smooth-cut edge, not indented) is a deed in which one party binds himself, with no corrisponding obligations undertaken by another.

Contracts for Deed are a form of owner financing of real estate.  An owner and a buyer enter into a contract in which the owner agrees to give the buyer a deed after the buyer pays the owner a certain amount of money.  Usually the contract requires the buyer to make payments over time with interest payable on the unpaid balance.  After the buyer pays all of the payments called for under the contract, the owner gives the buyer a deed to the property.

During the term of the contract for deed, the buyer is entitled to possession of the real estate and is required to keep the property insured and pay the real estate taxes.

The primary advantage of a contract for deed for a buyer is that closing costs are usually low.  The primary disadvantage to a buyer is that in the event the buyer has later financial problems, the process of foreclosure (or cancellation of a contract for deed) is very short.  Usually a buyer has only 60 days to cure a contract for deed default in order to keep the property.  For a conventional mortgage, that time is usually at least 6 months.  When a contract for deed is cancelled, the buyer loses the real estate and all money paid on the property to that point.

The primary advantage of a contract for deed to a seller is that the seller may gain interest income on the real estate.  In addition, in times when interest rates are high for conventional financing, a seller may be able to offer credit terms to the contract for deed buyer that a conventional lender may be unwilling to offer thereby increasing the market value or, at least, the potential sale price of a piece of property.  The primary disadvantage to a seller is the risk that the contract for deed buyer may default and that the seller may be forced to repossess the property after it has depreciated in value.  The best protection to a seller is the down payment.  The higher the down payment, the less likely a buyer will allow the seller to cancel the contract for deed and the less likely the property will depreciate below the balance owed to the contract for deed seller.