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A contract for deed is really a product sales contract where by, In this particular instance, Ruth is the customer and you simply are the seller of your respective other home. At you could look here the end of the payments, you as the vendor, will give a deed to Ruth. At that time, Ruth would be the owner. A agreement for deed is similar to a mortgage, but A non-public particular person (you), as opposed to a bank, owns the agreement for deed.