Contract Deed is for the people who are not able to purchase any real estate property through the conventional methods or for the people who want faster financing options. Under this contract deed the buyer makes the monthly payments to the seller and after the completion of all the payments, the name of the property will be shifted to the buyer. The buyer can even also pay the amount for a set of the period in installments and then make the remaining payment at once. The seller has the complete rights to the contract deed and he can sell real estate mortgage note for any other second party buyers if he is in urgent need of money. The second party will take care of the contract for deed buyer from then and the buyer will make the payments to them. Basics of the Contract for Deed The contract deed acts as a hybrid between a rental agreement and mortgage. Here the seller of the property acts as a mortgage company. The buyer can choose the type of payment he wants to mak