Questions about Bond for Deed

[Stephen N.]

I live in a Louisiana and I will be closing on a home I purchased sub2.

I would like to sell the home using a bond for deed contract.

Here are my questions:

1. I read somewhere that the mortgage holder must "give a written guarantee to release the property from the mortgage at a stipulated mortgage release price". Is that true? and is it hard to get a mortgage holder to guarantee such a thing if they know i purchased the property subject 2?

2. I've heard conflicting reports about the homestead exemption. I've heard some people say the buyer can claim the homestead exemption and I've heard others say it's not possible. what is the truth?