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-   -   Contract for deed questions and answers (https://www.askmehelpdesk.com/showthread.php?t=686983)

  • Jul 25, 2012, 02:34 PM
    Rosalie Irene
    Contract for deed questions and answers
    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?
  • Jul 25, 2012, 03:10 PM
    ScottGem
    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.

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