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Buyer's Request for Accounting from Seller under Contract for Deed Rhode Island Form

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Buyer's Request for Accounting from Seller under Contract for Deed Rhode Island Form

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here's a question that I get asked a ton in terms of seller finance hopefully this helps I will make this very very simple so you can understand it if you are a buyer you want to go subject to every single time versus a contract for deed and for this simple reason you want to be able to hold title if you don't hold title you're more like a tenant now if you put down 10% 15% down on a property I assume you don't want to be treated like a tenant you would much rather be treated like an owner now the big difference you can get evicted if you're a tenant now you need to get foreclosed on if you are an owner that's a major difference 60 days to get evicted 4 months to for a foreclosure now you don't plan on not making payments correct but there are certain circumstances where you want to have the power of an owner versus a tenant hopefully that makes sense that's the simple version go sub two if you are deciding between the two

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