We can help you manage your bond for deed real estate transaction.
At Escrow Funding, one of our specialties is managing bond for deed real estate transactions. A bond for deed is an agreement to buy under which the purchase price of the real estate is paid in installments. After the financial obligation has been satisfied by the buyer, the title is then transferred to the purchaser. The purchaser is considered the owner of the home or real estate for tax purposes and takes on the responsibility of maintaining the property, paying for property taxes, and managing property insurance.
Sometimes referred to as contract for deed or conditional sale, a bond for deed typically specifies that the title will be transferred from the seller to the buyer once full payment is made. These contracts are an excellent alternative to a traditional mortgage, especially for those who do not qualify because of their current income, credit standing, etc. For many people, bond for deed arrangements allow purchasers to close on the home of their dreams for themselves and their family while building equity
We help manage bond for deed purchases in the Greater New Orleans, Louisiana area and across the state, and we are committed to helping you move forward with a contract that benefits both the buyer and the seller. Whether you want to expand your buyer market as a seller or secure an alternative path to homeownership as a buyer, we are here to support you every step of the way. To learn more about bond for deed contracts and our work on these arrangements, reach out to us today.
