phylesia
May 2, 2008, 03:51 PM
What happens when someone defaults on a contract for deed? Do the owners have to foreclose, or do they evict you?
Fr_Chuck
May 2, 2008, 04:20 PM
Depends completely upon the state you are in, and also the exact terms of the contract. What does the contract state. In all of mine that I wrote, the contract converted to a rental if they were in default. But others require foreclosure. So what does your contract says happens.