Seller Selling Junker on Contract for Deed.

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Posted by Ivan on January 19, 2010 at 11:22:00:

Hi I’m going to making an offer on a 100 year-old house that needs a lot of work. The numbers work fine. I’m trying to anticipate what counter the seller might come back with. I have already confirmed that he will do owner financing.

My question is whether anyone as heard or thinks he might try and give a Contract for Deed instead of a general warranty deed. Not saying this will happen, but if he wants to do that I don’t know that I want to start fixing up an old house without having the deed.

Any thoughts?

Thanks.

Ivan

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