This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
Indiana Odometer Statement With Lien
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How to fill out Indiana Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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How Does Owner Financing Work? With owner financing (also called seller financing), the seller doesn't give money to the buyer as a mortgage lender would. Instead, the seller extends enough credit to the buyer to cover the purchase price of the home, less any down payment.
Louisiana does not provide a statutory form of deed. There are customary general warranty deeds, special or limited warranty deeds, and quit claim deeds. Forms for a deed, referred to as "an act of sale" in Louisiana, must contain the true sales price.
Louisiana Laws - Louisiana State Legislature. A transfer of immovable property must be made by authentic act or by act under private signature. Nevertheless, an oral transfer is valid between the parties when the property has been actually delivered and the transferor recognizes the transfer when interrogated on oath.
Draft up a deed, including the names of the property grantor, and include the signatures of the new owner, and include two witnesses and a notary. Include the price and property description. The land records office in Louisiana can assist with property description. There is a cost to file a deed.
Any property transfers in Louisiana are done voluntarily with a contract, including a Bond for Deed. A person must be of legal age of majority in the State of Louisiana in order to purchase a property.
Louisiana Laws - Louisiana State Legislature. A bond for deed is a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller after payment of a stipulated sum agrees to deliver title to the buyer.
It contains the names of the current owner (the grantor) and the new owner (the grantee), the legal description of the property, and is signed by the grantor. Transfers of real property must be in writing and notarized. Deeds should be recorded in the county where the property is located.
About Rent to Own (Lease Purchase) Agreements In Louisiana, options to buy have a 10 year limit. If the lessee (tenant) elects to exercise the option (chooses to buy the property), their past rental payments are applied to the purchase price of the property.