On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion stating that contracts for deed are “credit” under Regulation Z, and therefore subject to its myriad ...
This home in Haysville was rented in 2021 using a lease with option to purchase, a unique payment structure that can be similar to a contract for deed. A new law regulating contract for deed home ...
The Bureau explained that a contract for deed, also known as a land contract or agreement for deed, is a type of home loan in which the buyer makes periodic payments to the seller who retains the deed ...
McKinney has a “contract for deed,” a financing arrangement common in some low-income communities that can leave homebuyers in a legal mess. Unlike a mortgage, buyers don’t get title to the property ...
The law went into effect July 1 after passing nearly unanimously in the 2024 legislative session. A new law regulating contract for deed home sales is now in effect in Kansas. Contracts for deed allow ...