This package contains the following forms:
1.) A Contract for Deed;
2.) Assignment of Contract for Deed by Seller;
3.) Notice of Assignment of Contract for Deed;
4.) Seller's Disclosure of Financing Terms;
5.) Seller's Annual Accounting;
6.) Notice of Default for Past Due Payments;
7.) Final Notice of Default for Past Due Payments;
8.) Notice of Intent to Enforce Forfeiture Proceedings;
9.) Final Notice of Intent to Enforce Forfeiture Proceeding and Request to Vacate;
10.) General Notice of Default; and
11.) Seller's Disclosure of Forfeiture Rights
Purchase this package and save up to 70% over purchasing the forms separately!
The Columbus Ohio Contract for Deed Package is a comprehensive set of legal documents and agreements specifically designed for property transactions in Columbus, Ohio. It aims to facilitate a unique type of seller financing, where the buyer assumes the role of both the investor and mortgage holder, giving them an opportunity to purchase a property without relying on traditional bank loans. This package typically includes the following key documents: 1. Contract for Deed: This is the primary agreement that outlines the terms and conditions of the sale. It includes details such as the purchase price, payment plan, interest rate (if applicable), and any contingencies or special provisions. 2. Deed: This legal document transfers ownership of the property from the seller to the buyer, effectively granting the buyer equitable title while the seller retains legal title until the contract is fully paid. 3. Promissory Note: This document outlines the buyer's promise to repay the seller the agreed-upon purchase price in installments over a specified period. It includes details like the principal amount, interest rate, payment schedule, and any penalties for late payments. 4. Disclosure Statements: These forms offer crucial information about the property, such as any known defects, environmental hazards, or zoning restrictions. It ensures transparency between the buyer and seller. 5. Closing Statement: This document summarizes all financial transactions related to the sale, including the purchase price, down payment, loan amount, fees, and prorated taxes. It provides a clear breakdown of the financial aspects of the deal. In addition, there can be variations of the Columbus Ohio Contract for Deed Packages, for example: 1. Commercial Contract for Deed Package: Specifically tailored for commercial property transactions in Columbus, including office buildings, retail spaces, warehouses, or industrial properties. This package may contain additional legal documents specific to commercial real estate. 2. Residential Contract for Deed Package: Designed for the sale of residential properties, such as single-family homes, condos, townhouses, or multi-unit dwellings. This package may include specific disclosures related to residential property laws in Columbus. 3. Land Contract for Deed Package: This package is suited for the sale of vacant land or undeveloped parcels in Columbus, Ohio. It may include additional clauses addressing land-use restrictions, zoning regulations, and any potential development plans. Overall, the Columbus Ohio Contract for Deed Package provides a comprehensive set of legal documents catered to different types of property transactions in Columbus, Ohio, enabling buyers to purchase real estate using seller financing arrangements.
