Contract for deed I would like to know if selling a home with a contract for…

Contract for deed
I would like to know if selling a home with a contract for deed is a good idea. How does the buyer benefit? How does it work?

Thank you

One thought on “Contract for deed I would like to know if selling a home with a contract for…

  1. Re: Contract for deed
    No, it is not a good idea. There are no benefits to the buyer, and not really for the seller either. It is legally treated like a mortgage, so the documentary stamps upon recording are the same as if done with a deed and mortgage, the seller is required to foreclose just like a mortgage in case of default, and the buyer will probably have difficulty finding the seller to sign a deed once you have made all your payments.

    Frank J. Pyle
    Probate Attorney Throughout Florida
    401 West Colonial Drive, Suite 4
    Orlando, FL 32804

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