We are the agency you can trust to manage your bond for deed agreement.
Buying a home isn’t a decision most people make on a whim, and most people need some way to finance their purchase rather than paying in cash. However, not everyone has the ability to take out a traditional mortgage, perhaps because of their credit history. If you find yourself in this situation, a bond for deed agreement may be an alternative.
Bond for deed agreements allow buyers to purchase property through owner financing, meaning the buyer makes payments that go to the seller rather than a mortgage lender. Until the full amount is paid, the deed to the property remains with the seller, while the buyer takes possession of the property and the equitable title, which means they can use and benefit from the property. Once the terms of the contract are fulfilled by both parties, the deed will be transferred from the seller to the buyer.
Bond for deed agreements create a faster, more accessible ways for potential buyers to become homeowners while offering sellers the potential for a faster sale, a wider pool of interested buyers, and interest income. If you are interested in this approach to real estate, our team at Escrow Funding can assist you.
We have extensive experience managing bond for deed agreements in the Greater New Orleans, Louisiana area, and we will handle every detail over the course of the agreement, from collecting and disbursing payments to managing taxes and insurance. Contact us to learn more.