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!
Portland Oregon Contract for Deed Package is a comprehensive legal document that outlines the terms and conditions of a real estate transaction in which the seller finances the purchase of the property instead of traditional mortgage financing. This package includes all the necessary forms and agreements required for such a transaction in Portland, Oregon. The Portland Oregon Contract for Deed Package typically consists of the following documents: 1. Contract for Deed Agreement: This is the primary document that sets out the detailed terms and conditions of the sale, including the purchase price, payment schedule, interest rate, and other relevant provisions. 2. Property Description: This document provides a detailed description of the property being sold, including its legal description, address, and boundaries. 3. Promissory Note: This is a legally binding agreement that establishes the borrower's obligation to repay the seller the agreed-upon purchase price in installments over a specified period of time. 4. Disclosure Statements: These documents ensure that both the buyer and seller have been fully informed about the condition of the property, any known defects, and other important information that could impact the transaction. 5. Warranty Deed: This document transfers the legal title of the property from the seller to the buyer upon completion of all payments and fulfillment of contractual obligations. 6. Property Taxes and Insurance: These provisions outline the responsibilities of the buyer and seller regarding the payment of property taxes and insurance during the contract period. 7. Default and Remedies: This section describes the consequences of default by either party and the remedies available to the non-defaulting party. There are various types of Portland Oregon Contract for Deed Packages available to cater to different needs and situations: 1. Standard Contract for Deed: This is the most commonly used package for a straightforward real estate transaction where the seller finances the purchase. 2. Specialized Contract for Deed: This package is tailored to specific circumstances such as a lease-to-own arrangement, fractional ownership, or buyer-seller agreement on specific terms. 3. Land Contract Package: This package is designed specifically for the sale of vacant land, outlining the terms and conditions involved in the purchase. 4. Rehabilitation Contract for Deed: This package is suitable for properties that require major renovations or improvements, with specific provisions to address funding and completion requirements. In summary, the Portland Oregon Contract for Deed Package encompasses all the necessary legal documents and agreements needed to facilitate a seller-financed real estate transaction in Portland, Oregon. Whether it is a standard sale or a specialized arrangement, these packages provide a comprehensive framework to protect the interests of both the buyer and seller throughout the contract period.
