Web2941. "Bond for deed" defined. A bond for deed is a contract to sell real property, in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller after payment of a stipulated sum agrees to deliver title to the buyer. 2941.1. Recordation; subsequent filings; interest prohibited; cancellation of ... Web“Bond for deed” is just one of those alternative ways. It is a somewhat unusual arrangement, and presents some unusual insurance issues. Main Points: Bond for deed transactions are governed by Louisiana statutes (9:2941 et seq.). The concept is not unique to Louisiana. A few other states also utilize the bond for deed contracts, while
How do I cancel a bond for deed in Louisiana? Do I just file…
WebNov 24, 2024 · Common termination procedures include a negotiated cancellation, executing a deed in lieu of termination, and file a lawsuit. 5. Negotiate a cancellation of the contract. Parties to a contract may agree at any time to rescind the contract, even if the … http://www.ofi.louisiana.gov/Bond%20FAQs.htm northenpowergrid.com/storm-arwen
Louisiana Revised Statutes § 9:2941 - "Bond for deed" …
WebTerms Used In Louisiana Revised Statutes 9:2941. Contract: A legal written agreement that becomes binding when signed.; Deed: The legal instrument used to transfer title in real property from one person to another.; Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. WebNov 10, 2011 · rights and duties under a bond for deed contract. 6. Bond for deed contracts can result in situations like Murray’s because Louisiana law lacks solutions for potential disputes associated with these contracts. 7. For example, if all of the appliances … Web[ ] A duly authorized officer of a Louisiana licensed title insurer as defined in R.S. 22:46 of the Louisiana Insurance Code, requesting cancellation under R.S. 9:5167(B)(1), herein declaring that all obligations secured by the mortgage or vendor's privilege have been … northen prospects hockey