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Rhode Island Contract for Deed
If you are selling a real estate property in Rhode Island, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed.
- A contract for deed (or 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, the seller effectively becomes the mortgage lender for the balance of the purchase money.
- 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 Rhode Island.
$17.99
Multistate 1-4 Family Mortgage Rider | USA
This free Fannie Mae/Freddie Mac 1-4 Family Rider is used if you are mortgaging a rental property with 1 to 4 units.
- The Rider should be attached to the mortgage, deed of trust or security deed, to amend and supplement the security instrument.
- The borrower agrees that the mortgage lender can collect the rents on the property if the borrower defaults under the Note. This is called an assignment of rents.
- Form 3170 USA Multistate 1-4 Family Mortgage Rider is a free form which can be downloaded directly from the FannieMae.com website.
$0.00
Multistate Biweekly Payment Rider | USA
Attach the Multistate Biweekly Payment Rider (Fixed Rate) to the mortgage document when a borrower wants to make the mortgage payments every two weeks instead of monthly.
- The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
- The form sets out the amount of the biweekly payment, and the late charge that will be paid if a payment is not made in full when it is due.
- This Rider is for fixed rate mortgages on single-family homes in the United States.
- Download a free copy of the Fannie Mae/Freddie Mac Form 3177 Multistate Biweekly Payment Rider (Fixed Rate).
$0.00
Multistate PUD Mortgage Rider | USA
Attach this PUD Mortgage Rider to mortgages for single family residences that are part of a planned unit development (PUD).
- The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
- The borrower agrees to perform all of its obligations under the Declaration, bylaws, and other documents governing the PUD property, and to pay all dues and assessments when they become due.
- The PUD owners' association must maintain blanket property insurance and public liability insurance on the condominium project.
- If the borrower fails to pay dues and assessments when they become due, the lender may pay them, and they will form part of the debt owed by the borrower.
- Form 3150 USA Multistate Planned Unit Development (PUD) Mortgage Rider is a free download from FreddieMac.com.
$0.00
Multistate Fixed Rate Note (Biweekly) | USA
Prepare a Promissory Note for a mortgage loan to be paid in biweekly payments with this USA Multistate Fixed Rate Note template.
- This form can be used in most U.S. states.
- The borrower promises to pay the principal amount of the loan, plus interest and any late charges or loan fees that the lender is allowed to charge.
- Loan payments will be made every two weeks and will be applied first to late charges (if any), then to accrued interest, and the remainder to pay down the principal.
- If the borrower fails to make the payments on time, the lender has the right to terminate the bi-weekly payments and demand that the payments be made on a monthly basis instead.
- The Note can be used as security for a loan in connection with a mortgage, a deed of trust or a security deed.
- Available in MS Word format.
$6.49
Multistate Fixed Rate Note (Monthly) | USA
This Monthly Multistate Fixed Rate Note can be used to secure repayment of a mortgage almost anywhere in the United States.
- This is a promissory note. The borrower promises to repay the principal amount of the loan, plus interest at the specified rate.
- Payments will be made monthly and will be applied first to late charges (if any), then to accrued interest, and then to principal.
- The loan will accelerate if the borrower defaults, and the entire amount owing on the loan will become immediately payable, at the option of the lender.
- The Note can be used in conjunction with a mortgage, a deed of trust or a security deed.
- Available in MS Word format.
- Intended to be used onlyl within the United States.
$5.99