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 Wake North Carolina Contract for Deed Package is a comprehensive legal document package that facilitates the purchase of real estate through a unique financing method known as a contract for deed. This package includes all the necessary forms, agreements, and disclosures required for a successful contract for deed transaction in the Wake County area of North Carolina. The Wake North Carolina Contract for Deed Package typically consists of the following key documents: 1. Contract for Deed Agreement: This is the main document that outlines the terms and conditions of the contract, including the purchase price, payment schedule, interest rate (if any), and the rights and responsibilities of both the buyer and the seller. 2. Promissory Note: This document sets out the details of the financing arrangement, including the amount borrowed, interest rate, repayment schedule, and any late fees or penalties applicable. 3. Deed of Trust: This agreement establishes a lien on the property and serves as security for the payment of the debt. It gives the seller the right to foreclose on the property in case of default by the buyer. 4. Disclosure Statements: These documents ensure that both parties are fully aware of their rights and obligations under the contract. They include disclosures about the property condition, title issues, and any known defects or encumbrances. 5. Affidavit of Title: This document certifies the seller's ownership of the property and asserts that there are no undisclosed claims or liens against it. 6. Warranty Deed: This is a legal instrument by which the seller transfers ownership of the property to the buyer once all payments and obligations under the contract are fulfilled. 7. Installment Sale Agreement: If the contract for deed transaction allows for installment payments, this agreement details the specific terms and conditions regarding these payments. It is essential to note that there can be variations of the Wake North Carolina Contract for Deed Package, depending on the specific circumstances of the transaction. Some common types include: 1. Residential Contract for Deed Package: Geared towards residential properties, this package is suitable for individuals or families looking to purchase a home through a contract for deed arrangement. 2. Commercial Contract for Deed Package: Designed for commercial properties, this package is tailored to businesses or investors seeking to acquire office buildings, retail spaces, or other commercial real estate using a contract for deed. 3. Vacant Land Contract for Deed Package: This package caters to those interested in buying undeveloped land through a contract for deed, allowing them to build their dream home or embark on other development projects. 4. Lease Option Contract for Deed Package: This variant of the package combines elements of a lease agreement and a contract for deed, giving the buyer the option to purchase the property at a later date. In summary, the Wake North Carolina Contract for Deed Package provides a comprehensive set of legal documents necessary for facilitating a contract for deed transaction in Wake County, North Carolina. It includes agreements, disclosures, and other forms specific to residential, commercial, vacant land, or lease option contracts for deed.
A Wake North Carolina Contract for Deed Package is a comprehensive legal document package that facilitates the purchase of real estate through a unique financing method known as a contract for deed. This package includes all the necessary forms, agreements, and disclosures required for a successful contract for deed transaction in the Wake County area of North Carolina. The Wake North Carolina Contract for Deed Package typically consists of the following key documents: 1. Contract for Deed Agreement: This is the main document that outlines the terms and conditions of the contract, including the purchase price, payment schedule, interest rate (if any), and the rights and responsibilities of both the buyer and the seller. 2. Promissory Note: This document sets out the details of the financing arrangement, including the amount borrowed, interest rate, repayment schedule, and any late fees or penalties applicable. 3. Deed of Trust: This agreement establishes a lien on the property and serves as security for the payment of the debt. It gives the seller the right to foreclose on the property in case of default by the buyer. 4. Disclosure Statements: These documents ensure that both parties are fully aware of their rights and obligations under the contract. They include disclosures about the property condition, title issues, and any known defects or encumbrances. 5. Affidavit of Title: This document certifies the seller's ownership of the property and asserts that there are no undisclosed claims or liens against it. 6. Warranty Deed: This is a legal instrument by which the seller transfers ownership of the property to the buyer once all payments and obligations under the contract are fulfilled. 7. Installment Sale Agreement: If the contract for deed transaction allows for installment payments, this agreement details the specific terms and conditions regarding these payments. It is essential to note that there can be variations of the Wake North Carolina Contract for Deed Package, depending on the specific circumstances of the transaction. Some common types include: 1. Residential Contract for Deed Package: Geared towards residential properties, this package is suitable for individuals or families looking to purchase a home through a contract for deed arrangement. 2. Commercial Contract for Deed Package: Designed for commercial properties, this package is tailored to businesses or investors seeking to acquire office buildings, retail spaces, or other commercial real estate using a contract for deed. 3. Vacant Land Contract for Deed Package: This package caters to those interested in buying undeveloped land through a contract for deed, allowing them to build their dream home or embark on other development projects. 4. Lease Option Contract for Deed Package: This variant of the package combines elements of a lease agreement and a contract for deed, giving the buyer the option to purchase the property at a later date. In summary, the Wake North Carolina Contract for Deed Package provides a comprehensive set of legal documents necessary for facilitating a contract for deed transaction in Wake County, North Carolina. It includes agreements, disclosures, and other forms specific to residential, commercial, vacant land, or lease option contracts for deed.
