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Bond For Deed?
Posted March 19, 2009, 4:18 PM by guidroz627
Have you become frustrated with the mortgage market and trying to get a loan to purchase your new home? Well, there may be light at the end of the tunnel.
Have you ever considered doing a Bond For Deed purchase. This will give you time to get all your finances in order and to shop around for the best mortgage available. also this is a way to give you time to repair your credit if there is a problem.
Bond for Deed is:
The provisions for a Bond for Deed is found at LRS 9:2941, et seq. The bond for deed is defined as being a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller, after payments of a stipulated sum, agrees to deliver title to the buyer.
Posted March 19, 2009, 4:18 PM by guidroz627
Have you become frustrated with the mortgage market and trying to get a loan to purchase your new home? Well, there may be light at the end of the tunnel.
Have you ever considered doing a Bond For Deed purchase. This will give you time to get all your finances in order and to shop around for the best mortgage available. also this is a way to give you time to repair your credit if there is a problem.
Bond for Deed is:
The provisions for a Bond for Deed is found at LRS 9:2941, et seq. The bond for deed is defined as being a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller, after payments of a stipulated sum, agrees to deliver title to the buyer.