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

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

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different states have different rules and regulations here in the Texas Marketplace we do wrap around mortgages to our homeowners because it is very difficult to do a contract for deed and in fact the Texas property code says that you can't even give a homeowner a contract for deed if you have an existing mortgage on the property now other states don't prohibit those kind of things and they would allow a land contract or a contract for deed or whatever that mechanism might be in your state to do this and oftentimes I have no objection to providing a homeowner a contract for deed however I think if you want to maximize your down payment and get larger down payments your home buyer is going to want to get full title to the property so it may be more advantageous to go ahead and do a full mortgage and convey ownership to your borrower when you're doing a wrap around

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