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Contract for Deed and You Are in Default Based Upon the Following Reasons Form

Contract for Deed and You Are in Default Based Upon the Following Reasons Form

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explain the deed in their name so as long as you've owned it for more than a year and the reason I say over a year is because if you transfer the deed in less than a year the IRS wants to tax you on the full amount of gain even though you didn't get it so let's assume you waited over a year you owned it over a year if you deed it to them now the deed shows up in their name and you are just a note indeed of trust just like the would be on a house if you've got a mortgage from them they could refi they can get a equity line they can do anything they own the property and you are just a mortgage payment and if they have a default then you would have the same rights as would and you would file a foreclosure but you're not getting any notices for the grass being high you're not involved in anything you're not an owner of the property anymore the reason I'll do them is if somebody has to put 30 40 50 Grand into it sometimes they&

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