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    Darcydj's Avatar
    Darcydj Posts: 1, Reputation: 1
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    #1

    Jan 17, 2008, 09:14 PM
    Amend a contract for deed
    I purchased a home on a contract for deed. It had a balloon payment due in December. I was unable to obtain financing to pay off the balloon payment. The sellers are willing to extend the contract for another 18 to 24 months so we can try to get refinanced. The contract is recorded at the court house.
    How do we go about changing the balloon payment on the original contract.
    Thank you.
    DDJ
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 17, 2008, 09:58 PM
    Either write up a new contract, or an amendment with the new terms.
    You can file the amendment at the courthouse if you would like for your security.
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