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    Rosalie Irene's Avatar
    Rosalie Irene Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 25, 2012, 02:34 PM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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.
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