Some people who can't qualify for a mortgage, turn to a thinly regulated arrangement called contract for deed. Similar to renting to own, it rarely results in a buyer taking possession of the home.

Contract for deed can be house of horror for buyers. High-risk housing often is sold on such contracts, with little or no oversight. By Jeffrey Meitrodt. July 5, 2013 at 10:27AM ...

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently released a critical advisory opinion and research report concerning contract-for-deed home financing. This form of ...

Because contract-for-deed sellers often take out a mortgage to purchase a home before selling it, Scislow wrote in an email, the prospect of an extended period of nonpayment “would heighten the ...

The contract for deed option is marketed as a way for people who can’t get a conventional mortgage to realize the dream of owning a home. But more often than not, buyers do not end up as homeowners.

Rep. Nick Hoheisel, a Wichita Republican, requested the bill for introduction in 2023. He said requiring contract for deed sellers to have a free and clear title is important.

Regulation After Seeing Controversial Contract-for-Deed Home Sales Affect Constituents, Minnesota Lawmakers Propose Reforms The state legislators said the home deals had harmed members of the ...

A new law regulating contract for deed home sales is now in effect in Kansas. Contracts for deed allow a homebuyer to make monthly payments directly to a seller instead of to a bank, with the ...