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Updated about 2 years ago on . Most recent reply

User Stats

79
Posts
44
Votes
Hoa Nguyen
  • Edwardsville, IL
44
Votes |
79
Posts

Contract For Deed as seller

Hoa Nguyen
  • Edwardsville, IL
Posted

Hello all, looking for some clarity on a potential Contract For Deed sale. I possibly want to sell one of my properties to an investor connection I have via CFD. I am still confused on the process, specifically with the current mortgage process. Do I continue to hold the mortgage in my name and just use the buyers monthly payment to pay the current mortgage or do I call the bank and transfer that over. Same question applies to insurance and taxes. Thanks!

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