If you are a seller with a contract for deed for the sale of your property, there are state-specific rules regarding what actions you can take if the buyer of your property defaults. Typically, buyers ...
Some people who can't qualify for a mortgage, turn to a thinly regulated arrangement called contract for deed. Similar to renting to own, it rarely results in a buyer taking possession of the home.
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 ...
A year after moving into her white brick house in suburban Robbinsdale, Jennifer Gaines got a letter that turned her life upside down. She was facing foreclosure -- even though she was current on her ...
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.
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 ...
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