Posted by Bud Branstetter on March 09, 2000 at 08:53:09:
They are different names for a contract in which you promise to deliver the deed when they fulfill the terms of the contract. In general there is greater risk when buying on contract for a number of reasons. Less problem for the seller when you are selling that way.
Texas Contracts? - Posted by Terry (Dallas)
Posted by Terry (Dallas) on March 08, 2000 at 22:57:36:
In Texas can you sell on a Land Installment Contract or A contract for deed, Does it matter?
Thanks
Terry
Ahh, The good old days . . - Posted by Bob H
Posted by Bob H on March 08, 2000 at 23:53:28:
Back in the '80’s we used to refer to all kinds of “creative financing” (for some strange reason they seem to refer to it as fraud these days) as Texas Contracts.
I know this doesn’t answer your question, but its been awhile since I had heard the term - and it just brought a smile to my face.
Re: Texas Contracts? - Posted by David Alexander
Posted by David Alexander on March 08, 2000 at 23:53:03:
Same thing, and yes.
David Alexander
Re: Texas Contracts? - Posted by Terry (Dallas)
Posted by Terry (Dallas) on March 09, 2000 at 07:08:08:
Still waiting to hear when we can do some ‘101’ Buddy. They are the same thing OK. You said yes to the question of does it matter.
when would you use one over the other?
Thanks
Terry