Rhode Island
Downloadable easy-to-use Mortgage Forms for home purchase loans in Rhode Island.
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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
Rhode Island Mortgage Form
Take out a mortgage on a residential property with this Rhode Island fixed rate mortgage form.
- The mortgage form contains both uniform (multistate) covenants under federal mortgage regulations and non-uniform covenants pursuant to Rhode Island law, including discharge of the mortgage upon payment in full, and waiver of homestead exemption, so that the borrower cannot protect the property against possession and sale by the lender if the borrower defaults.
- The mortgage also contains representations with respect to automatic orders in domestic relations cases under Rhode Island General Laws Chapter 15-5.
- This is a standard type of mortgage for single family dwellings.
- Available in MS Word format.
- Intended to be used only in the State of Rhode Island.
$17.99
