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Understanding Real Estate Vocabulary • August 20, 2024

What is a Contract-for-Deed: Understanding Real Estate Vocabulary

by Luke DeLacey

This is a special type of real estate contract where the seller of the home acts as the loan lender too, providing funds for the buyer to purchase the property at the agreed price and repay it in installments. This can be a more common financing option for property transactions between family members and friends. 

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