Sentences with phrase «under contracts for deed»

Since 2008, Bridge to Success has bought 177 properties in and around the Twin Cities and sold them to low - income buyers under contracts for deed at 7.5 percent interest, says Pete Flom, vice president of ShopHome Mortgage, the program's financing arm.

I am looking to purchase the property I currently have under a contract for deed.

Under a Contract for Deed, the buyer makes regular payments to the seller until the amount owed is paid in full or the buyer finds another means to pay off the balance.

Buyers need guidance in understanding that, under a contract for deed, they don't accrue equity or obtain the property deed until they've paid off the loan.

Not exact matches

Under previous laws, the administrative agency can lift deed restrictions in exchange for a fee, with approval from the mayor's office of contract services, but not necessarily the mayor.

Under the direct deeding regime, the QI merely takes an assignment of a written contract of sale in Step 1 and delivers a written notice to the buyer that the QI is acting as the intermediary for the seller in a tax deferred exchange.

Guillermo Kuitca: «Diarios,» José Antonio Suárez Londoño: «The Yearbooks,» and «In Deed: Certificates of Authenticity in Art» (closes on Sunday) Closed for a year for an upgrade, this venerable SoHo institution now has three galleries under one roof and an inaugural show in each of them, including the first New York museum - style exhibition of the Argentine painter Guillermo Kuitca, a small survey of illustrational drawings by José Antonio Suárez Londoño of Colombia, and a smart and amusing selection of artist - made professional contracts.

On this point, the court declined to admit the evidence and further held that: «[i] t would be inconsistent with the purpose of the Statute of Frauds and with the valid public policy need for certainty in real property transactions to imply a term or condition into the Deed of Gift based on a general cultural norm or tradition and the mere reference to the property in question under the heading «dowry» in the marriage contract.»

The only way to complete a successful contract for deed transaction is to conceal it from the mortgage holder, to prevent acceleration of the loan under the due - on - sale clause.