Definition: A contract for deed is a financing instrument between the seller and buyer of real property. The seller promises to deliver a deed to the buyer when the buyer pays off the contract. The contract can also contain an underlying loan secured to the property.
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Also Known As: Installment Sales Land Contract or Land Contract
