Contract for Deed definition

Contract for Deed means an executory contract with a third party to convey real property to such third party upon payment of the amounts set forth therein and/or the performance of any other obligations described therein, including any installment land contract.

Contract for Deed means an executory contract for the conveyance of residential real property under which the seller provides financing for the purchase of the residential real property and under which the purchaser does or has a right to go into possession. Contract for deed does not include:

Contract for Deed means an executory contract for the conveyance of real estate, the original principal amount of which is less than $300,000. A commitment for a contract for deed shall include an executed purchase agreement or earnest money contract wherein the seller agrees to finance any part or all of the purchase price by a contract for deed.

Examples of Contract for Deed in a sentence

• This Contract is contingent upon Xxxxx and Seller signing a Contract for Deed with the principal balance of $ , and interest at the rate of % for the term of years, amortized over years with payments of $ (or more) for principal and interest balance of $ in cash at time of execution of such contract.

• The Company agrees to comply with all Obligations set forth in any Contract for Deed contained in any Loan subject to this Agreement.

• The Company agrees to comply with all Obligations set forth in any Contract for Deed contained in any Asset subject to this Agreement.

• Such payment shall not postpone the due date of the installments to be paid pursuant to this Contract for Deed or change the amount of such installments.

• The Depositor shall take such actions on behalf of the Trustee, as beneficiary under each Special Interest Certificate, as may be necessary in the good faith determination of the Trustee to permit the Trustee to realize upon the security for each Contract for Deed or any other applicable Special Interest Asset.

More Definitions of Contract for Deed

Contract for Deed means an executory contract for the conveyance of real estate,

Contract for Deed means an executory agreement in which the

Contract for Deed means an executory contract for the conveyance of residential

Contract for Deed means a seller-financed contract for the conveyance of real property under which:

Contract for Deed has the meaning given in the LLC Operating Agreement. “Contribution Agreement” has the meaning given in the recitals.

Contract for Deed has the meaning given in the Contribution Agreement.

Contract for Deed means an executory agreement in which the seller agrees to convey title to real property to the buyer and the buyer agrees to pay the purchase price in five or more subsequent payments exclusive of the down payment, if any, while the seller retains title to the property as security for the buyer's obligation. Option contracts for the purchase of real property are not contracts for deed.