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! A Cary North Carolina Contract for Deed Package is a comprehensive set of legal documents and contracts that outline the terms and conditions of a real estate transaction involving a contract for deed in the city of Cary, North Carolina. A contract for deed, also known as a land contract or installment contract, is a financing method where the seller finances the purchase of the property instead of a traditional mortgage lender. The Cary North Carolina Contract for Deed Package includes various documents that are essential for this type of transaction. It typically consists of: 1. Contract for Deed Agreement: This document is the core of the package and states the agreement between the buyer (purchaser) and the seller (vendor). It outlines the purchase price, payment terms, interest rate (if any), and conditions for default or termination. 2. Promissory Note: This document specifies the terms of the loan, including the amount borrowed, interest rate, payment schedule, and any penalties for late payments. 3. Warranty Deed or Quitclaim Deed: This document transfers the title of the property from the seller to the buyer. 4. Disclosure Statement: This document provides important disclosures regarding the property, such as any known defects or encumbrances. 5. Property Inspection Report: A report that details the condition of the property, including any existing issues or damages. 6. Closing Statement: A summary of the financial transactions involved in the purchase, including the final sale price, closing costs, and other fees. 7. Installment Payment Agreement: If the buyer will be making periodic payments towards the purchase price, this document outlines the payment schedule and conditions. Different types of Cary North Carolina Contract for Deed Packages may vary based on the specific terms and conditions negotiated between the buyer and seller. For instance, variations may exist in the down payment amount, interest rates, payment schedules, and other terms specific to the property or individuals involved. In summary, a Cary North Carolina Contract for Deed Package is a comprehensive set of legal documents designed to facilitate a real estate transaction through a contract for deed arrangement. It provides the necessary framework and protection for both the buyer and seller, outlining the terms of the agreement and securing the property's transfer.
A Cary North Carolina Contract for Deed Package is a comprehensive set of legal documents and contracts that outline the terms and conditions of a real estate transaction involving a contract for deed in the city of Cary, North Carolina. A contract for deed, also known as a land contract or installment contract, is a financing method where the seller finances the purchase of the property instead of a traditional mortgage lender. The Cary North Carolina Contract for Deed Package includes various documents that are essential for this type of transaction. It typically consists of: 1. Contract for Deed Agreement: This document is the core of the package and states the agreement between the buyer (purchaser) and the seller (vendor). It outlines the purchase price, payment terms, interest rate (if any), and conditions for default or termination. 2. Promissory Note: This document specifies the terms of the loan, including the amount borrowed, interest rate, payment schedule, and any penalties for late payments. 3. Warranty Deed or Quitclaim Deed: This document transfers the title of the property from the seller to the buyer. 4. Disclosure Statement: This document provides important disclosures regarding the property, such as any known defects or encumbrances. 5. Property Inspection Report: A report that details the condition of the property, including any existing issues or damages. 6. Closing Statement: A summary of the financial transactions involved in the purchase, including the final sale price, closing costs, and other fees. 7. Installment Payment Agreement: If the buyer will be making periodic payments towards the purchase price, this document outlines the payment schedule and conditions. Different types of Cary North Carolina Contract for Deed Packages may vary based on the specific terms and conditions negotiated between the buyer and seller. For instance, variations may exist in the down payment amount, interest rates, payment schedules, and other terms specific to the property or individuals involved. In summary, a Cary North Carolina Contract for Deed Package is a comprehensive set of legal documents designed to facilitate a real estate transaction through a contract for deed arrangement. It provides the necessary framework and protection for both the buyer and seller, outlining the terms of the agreement and securing the property's transfer.
