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Bond for deed

Posted on 5/14/11 at 5:29 pm
Posted by Wilbon
Phoenix
Member since Jul 2008
67 posts
Posted on 5/14/11 at 5:29 pm
I have a condo that I was offered a Bond for Deed. The buyers are going to put up 100k and pay monthly payments and then a final payment of 165K. I don't have to sell but would like to get rid of it. TIA
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 5/14/11 at 5:53 pm to
:csb:

I say that because you didn't ask a question anywhere in your post, so I assume you're just sharing.
Posted by MightierThePenIs
Member since Jan 2008
1510 posts
Posted on 5/15/11 at 12:26 pm to
Think of it this way...

They default, you get $100k AND the property.
Posted by Chad504boy
4 posts
Member since Feb 2005
166976 posts
Posted on 5/18/11 at 9:37 am to
quote:

Wilbon


Find a "bond for deed" specialist in the area to draft up all the legal paperwork.
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