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Contract for Deed Package Mississippi  Form

Contract for Deed Package Mississippi Form

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Instructions and help about Contract For Deed Package Mississippi

hi and thanks for joining me I'm Michelle and in today's video I want to talk about a contract for deed when people go to buy property and I mean real property land house a condo A bearr A Farm a business you can acquire it by buying it outright uh so that you own it at the time of the closing or you could have a lease with a purchase option or you could have a contract for deed a contract for deed is where the buyer of the property is paying payments either directly to the current owner of the property or to some other person or entity such as a bank who has a mortgage on it for a specified period of time there may or may not be regular monthly payments or regular other periodic payments with a larger payment at the end or a series of equal payments all the way for a specified term until those F payments are finally made but the difference between uh a an outright purchase where you're making payments in a contract for deed is that the buyer doesn't own

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