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LOUISIANA REVISED STATUTES TITLE 6. BANKS AND BANKING CHAPTER 4. PROHIBITED PRACTICES; SANCTIONS (Current through 2012 Regular Legislative Session) 414. Use of certain terms by persons other than.

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The installment arrangement works like this: The contract states that the seller will keep title to the property until you pay off the loan. (You normally pay the loan off in a series of regular payments, similar to a standard mortgage.) After you do so, the seller signs a deed transferring title to you.

A Bond for Deed is a Louisiana real estate contract in which the purchase price is paid in installments, and title is transferred after the payments are made in full. In other states, a Bond for Deed is called a Contract for Deed or a Land Contract.

A deed in lieu of foreclosure will stay on your credit report for seven years, but you should still be able to buy a home two or three years after you complete your deed in lieu of foreclosure.

In a Credit Sale, title transfers to the buyer right away, and the seller has a mortgage on the property until the debt is paid in full. In both transactions, the seller of the property finances the home for the buyer much like a bank would finance the property.

Obtain a deed form. ... Use the current deed to fill in the property's tax assessor identification number and legal description. Identify the parties. ... Sign the deed in the presence of a Notary Public. ... File the deed at the local county courthouse.

A property deed is a written and signed legal instrument that is used to transfer ownership of the real property from the old owner (the grantor) to the new owner (the grantee).

One way to secure property is a bond for title. This method is used in matters of real estate where the buyer pays the seller in installments. Bond for title represents an agreement that the funds associated with the closing of the real estate sale are not misused or stolen.

A Bond for Deed is a Louisiana real estate contract in which the purchase price is paid in installments, and title is transferred after the payments are made in full. In other states, a Bond for Deed is called a Contract for Deed or a Land Contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232