Ask Experts Questions for FREE Help !
Ask
    butcherina's Avatar
    butcherina Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 1, 2012, 02:43 PM
    Interest in a contract for deed
    Can a seller charge you additional interest from the 1st to the day you pay, without it being stated in your conttract?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Sep 1, 2012, 02:53 PM
    Nothing additional can be charged * but, if you are late on the payment, they may normally declare you to be in default of the contract, declare the contract void. So the issue is you can not pay late. So you need to fix the problem that you are causing by paying on or before the first in all future payments
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is the lowest interest rate allowed by law on a contract for deed [ 2 Answers ]

What is a good interest rate for a contract for deed [ 2 Answers ]

I am planning on buying a home through a contract for deed. The purchase price is 160,000. I will be discussing the terms with the owner shortly and would like to be knowledgeable. What is a good interest rate, and what are some important things to go over when deciding terms

Interest Rate For Contract For Deed [ 4 Answers ]

Hi, We are selling our house on contract and would like to know what interest rate is customary for a contract. We pay 5.95 on our arm loan and 8.5 on our second mortgage. We, of course would like to make some money, but not gouge the buyer. Thanks in advance, Lora

View more questions Search