Contract for Deeds:
What a Real Estate Professional Should Know
(2 Minnesota Real Estate Continuing Education Credits have been approved)
With foreclosures at a record high and the economy in shambles, many families have found their credit destroyed. They always had good credit and still have good jobs, but when people are unable to borrow money to buy a house and when sellers can't sell their homes, alternative methods of financing the transaction are sure to arise. One alternative to the traditional mortgage is the use of a Contract for Deed. In the 1980's interest rates were in double digits which excluded many from the marketplace. Contract for Deeds became a popular way to sell and purchase a home.
While the use of a Contract for Deed can be a viable alternative for both the seller and buyer, it is a legal document that can have many unintended consequences if not drafted properly. There is no such thing as a "fair" Contract for Deed for both sellers and buyers. There are many issues that must be negotiated between the seller and buyer. The Contract for Deed must then be carefully drafted to avoid future disputes.
This seminar will focus on the basics of Contract for Deed, the issues that need to be considered and the real estate professional's role in the transaction. We will also discuss some of the common mistakes that are made.
Learn what risks are inherent in these types of transactions. Learn how to best protect the seller, buyer, and yourself.
2 Minnesota Real Estate Continuing Education Credits Approved
Upcoming Contract for Deed Seminars
Date: March 14, 2012
Time: 10am to noon
Where: Nash Law Firm, PLLC
2175 North dale Blvd. N.W.
Woodbury, MN 55443
Cost: $35 if paid and recieved by Friday, March 9th, $40 if paid later
Seating is limited to the first 15 people who register and pay.