Green Bay Wisconsin Contract for Deed Package

State:
Wisconsin
City:
Green Bay
Control #:
WI-P023-PKG
Format:
Word; 
Rich Text
Instant download

Description

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!

Green Bay, Wisconsin Contract for Deed Package: A Comprehensive Overview In Green Bay, Wisconsin, the Contract for Deed Package serves as a legal agreement between a property seller (often referred to as the "vendor") and a buyer (the "Vendée") for the purchase of real estate. This package encompasses all the necessary documents and information required to execute a contract for deed transaction. With its unique features and benefits, it has become a popular option for those looking to buy or sell property in Green Bay. The Green Bay Contract for Deed Package consists of various essential components, which include: 1. Contract for Deed Agreement: This is the key document that outlines the terms and conditions of the sale. It typically covers details such as the purchase price, payment schedule, interest rates (if applicable), and any contingencies or conditions agreed upon by both parties. 2. Property Description: Accurate details about the property being sold, including its address, legal description, and any unique features or characteristics, are provided in this section. 3. Title Report: A thorough examination of the property's title history is conducted to ensure the absence of any liens, claims, or encumbrances. This report offers crucial information for both the buyer and seller. 4. Disclosures: The Contract for Deed Package includes necessary disclosures, such as lead-based paint information (if applicable), known defects, or any other relevant property-related disclosures required by law. 5. Installment Terms: The package specifies the installment terms, including the amount of the down payment, the number of payments, the frequency of payments, and whether there is an amortization schedule. These terms vary depending on the mutual agreement between the buyer and seller. 6. Default and Termination: This section outlines the consequences of defaulting on payments or breaching the terms of the contract, as well as the conditions under which the contract may be terminated. 7. Insurance and Taxes: The Contract for Deed Package often includes provisions regarding insurance coverage requirements, specifying who is responsible for obtaining and maintaining insurance during the contract period. Additionally, it addresses tax responsibilities, clarifying how property taxes will be handled during the term of the agreement. Types of Green Bay Wisconsin Contract for Deed Packages: 1. Residential Contract for Deed: This type of contract applies to the purchase of residential properties, such as single-family homes, townhouses, duplexes, or condominiums. 2. Commercial Contract for Deed: A commercial Contract for Deed Package pertains to the sale of commercial real estate, including retail spaces, offices, warehouses, or industrial properties. 3. Vacant Land Contract for Deed: This package is tailored for the purchase of undeveloped land or vacant lots, presenting a viable option for individuals interested in building their dream homes or for developers seeking to invest in land for future projects. In Green Bay, Wisconsin, the Contract for Deed Package offers a flexible and accessible pathway to property ownership. It provides opportunities for buyers who may not qualify for traditional financing or individuals who prefer a simplified and mutually beneficial transaction. With its various types catering to different real estate categories, it offers a versatile choice to accommodate a range of buying and selling needs.

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FAQ

The current fee is $0.30 for each $100 of value or fraction thereof of the value of the property being transferred. For transfers that are a gift or for nominal consideration, the fee is based on the estimated market value of the property.

Complete the deed form on your computer or print it and complete it in all black ink. The Grantors (current owners) must sign the deed before a notary public. 2. Go to the Wisconsin Department of Revenue's E-Return website at and complete an E-Return (eRETR).

Wisconsin deeds are filed for recording with the county register of deeds for the county where the real estate is located. Recording Fees. The recording fee payable to the register of deeds for recording a Wisconsin deed is $30.00?regardless of the number of pages.

Legal instruments such as warranty deeds, quit claim deeds, etc., that convey title from one property owner to a new owner, are usually drafted by attorneys, paralegals or legal secretaries under the supervision of an attorney.

7. Can all licensees draft a land contract? No, only those licensed as a Wisconsin real estate broker may use the State Bar forms.

The Land Contract or Memorandum must state that the buyer is responsible for paying the property taxes. The Land Contract or Memorandum must be selling the property. Option to buy or lease agreements will not qualify for the homestead and mortgage deductions. The Land Contract or Memorandum must be recorded.

Required Features of a Deed The deed must state on its face that it is a deed.The deed must stipulate that it is conveying or awarding some kind of special rights or privileges to someone.The deed must be executed by the grantor in solemn form.A seal must be affixed to the deed.

Contracts for the sale of land?formation, signature and variation be in writing. contain or incorporate all of the terms expressly agreed by the parties in one document or, where contracts are exchanged, in each, and. be signed by or on behalf of each of the parties to it.

The land contract is recorded with the Register of Deeds, giving notice to all of the vendee's interest in the real estate and the vendor's obligation to convey the real estate upon full payment. The transfer fee is due at the time the land contract is recorded, along with a transfer return.

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Green Bay Wisconsin Contract for Deed Package