Prospective homeowners who can't qualify for a home loan are often desperate to find options that don't involve a bank or mortgage lender. An alternative called contract for deed started booming after ...
Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free, but pays the ...
On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion stating that contracts for deed are “credit” under Regulation Z, and therefore subject to its myriad ...
The Consumer Financial Protection Bureau is cracking down on contract-for-deed home financing deals by requiring that sellers disclose financing costs, assess a borrower's ability to repay and abide ...
The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. In ...
MinnPost’s reporting is always free, but it isn’t free to produce. We rely on donations from our readers to fund our independent journalism. ProPublica is a Pulitzer Prize-winning investigative ...
Also called an installment land contract, contract for deed or contract for sale, a land contract is a property sale where the seller holds the title of the property until you have paid for it. Absent ...
Going back many decades, it was common for Colorado real estate to be sold using an installment land contract, also known as a contract for deed. In an installment land contract, the buyer and seller ...
The contract for deed option is marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. But more often than not, buyers do not end up as homeowners.
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