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Contract for Deed Seller's Annual Accounting Statement Virginia Form

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Contract for Deed Seller's Annual Accounting Statement Virginia Form

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seller finance and contract for deed often times get confused with each other and that's between contract for deed is structured like a financing relationship with seller financing but here's the difference seller financing title to the property changes hands it goes to the buyer with contract for deed title doesn't change until the terms of the contract are satisfied typically the loan the financing is paid off and then the seller transfers the deed to the buyer so there's a chance and I've seen this a lot that the seller doesn't honor the transfer that the buyer thinks that the transfer already happened when they enter into the contract so with contract for deed those are some of the things to watch out for and that's typically why seller financing is the preferred method

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