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Bond for Deed

Louisiana real estate transactions

 

Louisiana Bond for Deed Contracts

Buyers or sellers who are interested in using a bond for deed contract should definitely seek legal counsel before offering for sale or purchasing real estate.  There are specific rules that  parties in a real estate transaction must follow, and it is important to pick the right escrow company to facilitate  installment payments.  The Louisiana legislature often amends the law that regulates bond for deed transactions, so it is important to understand the latest bond for deed rules and regulations.  One example is the need understand rules that relate to the homestead exemption.  The Louisiana State Constitution restricts buyers under a bond for deed contract from receiving homestead exemption.

Bond for deed is a wonderful tool to buy or sell real estate so long as it is used correctly.  Agents at Tribute Real Estate are well versed in facilitating bond for deed transactions and can provide it’s clients with expert legal advise from our team of legal consultants.

 

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