Contract for Deeds are an old solution to a problem that we are facing today - a lack of lending for a substantial number middle class Americans. This hurts not only buyers but it also sellers whose pool of buyers has shrunk.
The following slide show describes the advantages, risks and ways to minimize the risks associated with contract for deeds.
22. Explain advantage and risks to client Explain options to minimize risk A vital part of the team Attorney
23. Explain advantage and risks to client Explain options to minimize risk Work with real estate agent in drafting purchase agreement or counter A vital part of the team Attorney
24. A vital part of the team Attorney Explain advantage and risks to client Explain options to minimize risk Work with real estate agent in drafting purchase agreement or counter Review Title Work and Closing Documents (for buyers)
25. A vital part of the team Attorney Explain advantage and risks to client Explain options to minimize risk Work with real estate agent in drafting purchase agreement or counter Review Title Work and Closing Documents (for buyers) Draft Contract for Deed and closing Documents (for sellers)
46. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Three Ways to Reduce Risk to Seller
47. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Skin in the game. The greater the down payment, the less risk of buyer default. Three Ways to Reduce Risk to Seller
48. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Skin in the game. The greater the down payment, the less risk of buyer default. Not all buyers are the same. Screen the buyer to make sure that you are willing to take a risk on them. Three Ways to Reduce Risk to Seller
49. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Three Ways to Reduce Risk to Buyer
50. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Pay as little down as possible. Three Ways to Reduce Risk to Buyer
51. Not all contract for deeds are the same! Hire an attorney to draft one that favors and protects you. Pay as little down as possible. Obtain Owners Title Policy With Proper Coverage. Three Ways to Reduce Risk to Buyer
52. A “Win-Win” For Sellers & Buyers When done properly, using a Contract for Deed to sell or buy property can be a “Win-Win” for sellers and Buyers.
53. A Potential Disaster If Not Done Right When done not done properly, using a Contract for Deed to sell or buy property can be end in disaster. Both buyers and sellers have to take all steps necessary to protect their positions
54. Questions? Comments? Nash Law Firm, PLLC2175 Northdale Blvd. NW, Coon Rapids, MN 55433 (763) 860-4279 nash@nash-law.com We are happy to help you!
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