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Prospective homeowners who can't qualify for a home loan are often desperate to find options that don't involve a bank or mortgage lender. An alternative called contract for deed started booming after ...

If you are a retired couple or a professional between jobs and need steady monthly income by selling your home and carrying the contract, be certain you know exactly how the deal will be financed and ...

If you are a seller with a contract for deed for the sale of your property, there are state-specific rules regarding what actions you can take if the buyer of your property defaults. Typically, buyers ...

A year after moving into her white brick house in suburban Robbinsdale, Jennifer Gaines got a letter that turned her life upside down. She was facing foreclosure -- even though she was current on her ...

This home in Haysville was rented in 2021 using a lease with option to purchase, a unique payment structure that can be similar to a contract for deed. A new law regulating contract for deed home ...

The contract for deed option is marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. But more often than not, buyers do not end up as homeowners.

New mortgage underwriting criteria went into effect Jan. 10 requiring a debt-to-income ratio of less than 43 percent for most qualified mortgages. Even if you don't qualify for a mortgage under the ...

The law went into effect July 1 after passing nearly unanimously in the 2024 legislative session. A new law regulating contract for deed home sales is now in effect in Kansas. Contracts for deed allow ...

Marisela Orozco (foreground) is letting her sister, Marissa, live in the house she thought she would own after making almost four years of payments. Marissa lives there today rent free, but pays the ...