"Buying a home on a contract for deed can be a very smart way to buy a home. A Contract for deed is when the seller keeps the deed to the home until the terms of the contract are met by the buyer. Most often, the down payment for a Contract to Deed is low, as are the monthly payments. Once all the conditions of the contract are met by the buyer, the deed is then transferred to their name. For a
. seller, the benefits are that it is often easier to sell a home this way. For the buyer, it requires a lower down payment and lower monthly payments.http://ezinearticles.com/?The-Contract-For-Deed---A-Great-Way-to-Buy-a-Home&id=1601887"
