Copy of the deed to any real property that is the subject of the transaction. Copy of the contract of sale or lease or the agreement documenting the terms of.A contract for deed involves the seller financing the property purchase as an alternative to conventional mortgages, benefiting both parties. A land contract is typically more favorable for the seller because of the way title is held during the term of the loan. The Office of Wayne County Register of Deeds records various types of documents, mostly relating to interests and transfers of property. Real property which is the subject of the Quitclaim Deed (as defined in the Asset Purchase. Agreement) and the Collateral (the "Security Interest"). Property deeds are legal documents used to transfer the ownership of a property from a seller to a buyer. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price.