contract for deed

contract for deed
An agreement by a seller of real property to deliver a deed after certain conditions are satisfied (i.e. payment) (

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  • contract for deed — A contract used for seller financing where the seller will keep title to the property until the buyer pays off the loan. After the buyer pays off the entire loan, the seller signs a deed transferring title to the buyer. Category: Real Estate &… …   Law dictionary

  • contract for deed — An agreement by a seller to deliver the deed to the property when certain conditions have been met, such as completion of payments by purchaser. Often such contracts for deed are in turn resold …   Black's law dictionary

  • contract for deed — /ˌkɒntrækt fə di:d/ noun US a written agreement showing the terms of the sale of a property, where the title is only transferred to the purchaser after he has made a stated number of monthly payments …   Dictionary of banking and finance

  • contract for sale of land — A contract which calls for conveyance of interest in real estate and requires a writing signed by party sought to be charged as being within Statute of Frauds. See also contract for deed contract of sale …   Black's law dictionary

  • Bond for deed — A bond for deed is a contract to sell real property in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller, after payment of a stipulated sum, agrees to deliver title to the buyer. It may also …   Wikipedia

  • bond for deed — bond for deed: contract for deed at contract used in Louisiana Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary

  • contract of sale — A contract by which one of the contracting parties, called the seller, enters into an obligation to the other to cause him to have freely, by a title of proprietor, a thing, for the price of a certain sum of money, which the other contracting… …   Black's law dictionary

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