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View Full Version : Contract for deed questions and answers


Rosalie Irene
Jul 25, 2012, 02:34 PM
I am considering selling with a Contract For Deed.

Does the new Buyer pay Taxes and Insurance?

Or do I as the owner until it is paid in full responsible for the taxes and Home Insurance?

ScottGem
Jul 25, 2012, 03:10 PM
Yes! A contract for deed is a negotiation. Whatever terms the buyer and seller agree to are what prevails. If you put into the contract that the buyer is responsible for taxes and/or insurance and they sign, then that's the way it is.

However, the buyer can't get a tax break for the taxes until the deed is transferred.