This package contains essential legal documents that are used for owner financing of real estate by using a Contract for Deed. The documents in this package are State Specific and include the following:
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!
Memphis Tennessee Contract for Deed Package is a comprehensive legal document consisting of all necessary forms and agreements required to facilitate the sale of real estate using a contract for deed arrangement in Memphis, Tennessee. A contract for deed, also known as a land contract or installment sale, is a unique type of real estate transaction where the seller provides financing to the buyer instead of traditional third-party lenders. This package specifically caters to the Memphis, Tennessee region and includes specific legal provisions and forms that comply with the state's laws and regulations. The Memphis Tennessee Contract for Deed Package typically includes documents such as the Contract for Deed Agreement, Promissory Note, Rider to Contract for Deed, and Disclosure Forms. These forms collectively outline the terms and conditions of the sale, the payment schedule, and the rights and responsibilities of both the buyer and seller. The Contract for Deed Agreement precisely defines the property being sold, the purchase price, and the installment plan. It also covers clauses relating to default and remedies available to both parties in case of non-compliance with the agreement. The Promissory Note serves as evidence of the buyer's promise to repay the seller according to the agreed-upon terms. The Rider to Contract for Deed is an additional addendum that can be utilized to include specific provisions or modifications to the standard Contract for Deed Agreement. This allows for customization of the agreement to suit the unique needs and requirements of the buyer and seller. Lastly, the Disclosure Forms are vital legal documents that contain pertinent information about the property being sold, including any potential defects or encumbrances that the buyer should be aware of. It is important to note that there may be different variations or versions of the Memphis Tennessee Contract for Deed Package, each catering to specific scenarios. For instance, there might be packages tailored for residential properties, commercial properties, or vacant lots. Additionally, the package could also differ based on the size or complexity of the transaction. The Memphis Tennessee Contract for Deed Package is designed to provide a comprehensive set of legal documents necessary to facilitate a contract for deed transaction in Memphis, Tennessee, ensuring compliance with local laws and offering protection to both buyers and sellers.
