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South Carolina Contract for Deed
If you are selling a real estate property and your buyer cannot qualify for a mortgage, you can carry all or part of the purchase price under the terms of this Contract for Deed for South Carolina.
- A contract for deed (also called a purchase money mortgage) allows a buyer to pay over time, with the seller carrying the balance until the last payment is made. Under the terms of this Contract, you as seller effectively become the mortgage lender.
- Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
- The seller has the right to take back the property if the buyer defaults in payment.
- At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
- Available in MS Word format.
- Intended to be used only in the State of South Carolina.
$17.99
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Wraparound Promissory Note | USA
This template Promissory Note is part of a wraparound mortgage loan on a U.S. real estate property.
- The wraparound note is secured by either a mortgage or deed of trust (this will depend on which state the property is located in). The template contains language for both.
- A wraparound mortgage is a form of seller financing. The seller (holder of the note) continues to make the payments on the original underlying mortgage, and the buyer (borrower) will make payments under the Wraparound Note to the seller.
- This template contains additional provisions as to how any prepayments will be applied, in the event that the buyer is allowed to prepay the balance of the Note.
- The form can be in any State where wraparound mortgages are allowed by law.
To download the USA Wraparound Promissory Note, add it to your cart and pay for it over our secure checkout system.
$12.49
