Tag: contract for deed
-
Time to Make Financing a Manufactured Home Easier. Meanwhile, What a Difference Holding the Deed Makes!
Manufactured housing — and this includes mobile homes — make up a key segment of financially accessible housing. Today, 18 million people have roofs overhead thanks to manufactured homes. Most own them. Most are deed holders who took out mortgages from banks or credit unions. But it wasn’t easy for them. Some applied for regular…
-
When Your Fixer-Upper Isn’t Yours: The Struggle for Rent-to-Own Deed Rights
Maria and Enrique, a real couple with one young child, signed a contract for deed. They believed they were buying themselves a fixer-upper home. They restored the plumbing, electricity, heating and AC, and finally moved in. But when they felt ready to sell their fixed-up home, they were told their seller never fully owned it…
-
Federal Update: New Contract for Deed Rules
Contracts for deed – sometimes called installment contracts, land sales contracts, or owner carry – leave the deed until the borrower pays for the home in full. Until then, the borrower lives in and maintains the home. This is a type of seller-financed home sale – and it’s one way to avoid getting entangled with…
