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!
Simi Valley California Contract for Deed Package, also known as a land contract or installment agreement, is a legal document that outlines the terms and conditions of a property sale where the seller acts as the lender and the buyer makes regular payments directly to the seller, rather than obtaining financing from a traditional mortgage lender. The Simi Valley California Contract for Deed Package includes various key components to ensure a smooth transaction. It typically begins with a purchase agreement, outlining the parties involved, the property details, and the agreed-upon purchase price. This agreement also includes the terms and conditions of the contract, such as the length of the contract, the interest rate (if any), and any penalties or fees applicable in case of default. Additionally, the Simi Valley California Contract for Deed Package incorporates a promissory note, which details the specific payment schedule, the amount of each payment, and the duration of the contract. This note acts as a legally binding agreement between the buyer and the seller, ensuring both parties are aware of their responsibilities and obligations. Furthermore, the contract typically includes a warranty deed, which transfers the ownership of the property from the seller to the buyer once all payments have been made. This document is crucial to ensure a clear transfer of property rights. It is important to note that there may be different types of Simi Valley California Contract for Deed Packages, tailored to specific situations and requirements. For example, a seller may offer a contract with a balloon payment, where a significant portion of the remaining balance is due at a predetermined date. Alternatively, a seller may structure the contract as a lease option, allowing the buyer to lease the property for a specified period with an option to purchase at the end of the lease term. In conclusion, the Simi Valley California Contract for Deed Package is a comprehensive legal document package that facilitates a direct financing agreement between the seller and the buyer. It includes a purchase agreement, promissory note, and warranty deed, ensuring a transparent and mutually beneficial transaction. Different variations of this package may exist, depending on the terms and conditions agreed upon by the parties involved.Simi Valley California Contract for Deed Package, also known as a land contract or installment agreement, is a legal document that outlines the terms and conditions of a property sale where the seller acts as the lender and the buyer makes regular payments directly to the seller, rather than obtaining financing from a traditional mortgage lender. The Simi Valley California Contract for Deed Package includes various key components to ensure a smooth transaction. It typically begins with a purchase agreement, outlining the parties involved, the property details, and the agreed-upon purchase price. This agreement also includes the terms and conditions of the contract, such as the length of the contract, the interest rate (if any), and any penalties or fees applicable in case of default. Additionally, the Simi Valley California Contract for Deed Package incorporates a promissory note, which details the specific payment schedule, the amount of each payment, and the duration of the contract. This note acts as a legally binding agreement between the buyer and the seller, ensuring both parties are aware of their responsibilities and obligations. Furthermore, the contract typically includes a warranty deed, which transfers the ownership of the property from the seller to the buyer once all payments have been made. This document is crucial to ensure a clear transfer of property rights. It is important to note that there may be different types of Simi Valley California Contract for Deed Packages, tailored to specific situations and requirements. For example, a seller may offer a contract with a balloon payment, where a significant portion of the remaining balance is due at a predetermined date. Alternatively, a seller may structure the contract as a lease option, allowing the buyer to lease the property for a specified period with an option to purchase at the end of the lease term. In conclusion, the Simi Valley California Contract for Deed Package is a comprehensive legal document package that facilitates a direct financing agreement between the seller and the buyer. It includes a purchase agreement, promissory note, and warranty deed, ensuring a transparent and mutually beneficial transaction. Different variations of this package may exist, depending on the terms and conditions agreed upon by the parties involved.
