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Contract for Deeds: A Primer For Real Estate
Professionals With foreclosures
at a record high and the economy is shambles, many families have found their credit destroyed. They always had good
credit, they still have god jobs but When people are unable to borrower money to buy a house and when sellers can't
sell their homes alternative methods of financing the transaction are sure to arise. One alternative to the traditional
mortgage is the use of a Contract for Deed. In the 1980's interest rates were in double digits which excluded many from
the marketplace. Contract for Deeds became a popular way to sell and purchase a home. While the use of a Contract for Deed can be a viable alternative for both the seller
and buyer, it is a legal document that can have many unintended consequences if not drafted properly. There is no such
thing as a "fair" Contract for Deed for both sellers and buyers. There are many issues that must be negotiated
between the seller and buyer. The Contract for Deed must then be carefully drafted to avoid future disputes. This seminar will focus on the basics of Contract for Deed, the issues
that need to be considered and the real estate professionals role in the transaction. We will also discuss some of the
common mistakes that are made. Learn what risks are inherent
in these types of transactions. Learn how to best protect the seller, buyer and yourself. Steve Nash and Bill Keyes are both experienced real estate attorneys with
a great deal of short sale and speaking experience. The seminar will contain practical, up-to-date information and will
be presented in an informal setting to allow you to ask the questions that you need answered. 2 Real Estate Continuing Education Credits Pending
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