creative real estate financing method whereby a seller with a mortgage finances a buyer by taking a down payment and being paid installments but not yielding title until the mortgage is repaid. Also called contract for deed and installment sales contract.

real estate installment selling arrangement whereby the buyer may use, occupy, and enjoy land, but no deed is given by the seller (so no title passes) until all or a specified part of the sale price has been paid. Also called contract for deed and installment land contract.

a real estate installments selling arrangement whereby the buyer may use, occupy, and enjoy land, but no deed is given by the seller (so no title passes) until all or a specified part of the sale price has been paid. Same as contract for deed and installment land contract .

Example: Collins buys a recreational lot. Under the land contract she signed, she must pay $500 down and $100 per month for 7 years; then she is to receive a general warranty deed .