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Dawn Vought's profile image
Dawn Vought's profile image
Dawn Vought
  • Buy and Hold Investor
  • from Commack, NY
  • Member since Apr 28, 2008
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Dawn Vought's profile image
Dawn Vought's profile image
Dawn Vought
  • Buy and Hold Investor
  • from Commack, NY
  • Member since Apr 28, 2008
Connect
Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
33
Votes |
351
Posts
General Real Estate Investing

Contract for Deed & Lease Option Paperwork

Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
Posted Jul 30 2009, 04:16

I have people interested in renting to own a couple of my properties in MO. I have existing conventional mortgages on both of them. For Contract for Deeds in MO, if the buyer defaults, do you have to foreclose, or would I just be able to evict? Also, does anyone have any specific forms they use for both options? Any helpful tips related to either method?

The more details the better, as I am not very familiar with Contract for Deed, and have never done a Lease Option to sell a property.

Thanks.

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