CONTRACT FOR DEED

Buying your home on a ‘contract for deed’?

If you have signed a Contract for Deed with the owner of a property

BE AWARE

That Registering the Contract for Deed is your responsibility and it must be registered within2 years from the date it was signed for it to be legal!

That all signatures of buyers and sellers must be notarized to be a legal document!

That you should have a Real Estate Attorney go over the CD if you are unclear of all of the stipulations, especially clauses on vacating property if you miss a payment!

That as the buyer, you are responsible for property insurance!

That as buyer are responsible for paying the taxes, utilities and upkeep of property!

That if the Contract for Deed  is not registered, it’s just like renting!

There is lots more that  you need to be aware of – It’s just not just making a down payment, signing some papers and considering yourself “A Homeowner”

Be Smart – Be Aware

Don’t end up on the street and paying for the priviledge  because you didn’t take care of business!