Owner Terms and Bond for Deed are the hot topics in the Mandeville Real Estate market.  Bond for deed is when the buyer takes possession of the home giving to the seller an agreed upon down payment.  The Bond for deed does not transfer title to the buyer.  There is a separate transfer between parties. 

Many people have approached me to do lease purchases.  We have been successful is educating them to the bond for deed process and getting their family into a new home with the bond for deed process.  We closed a new home last week for $235,000.  The builder took 7% down and carried the note.  The buyers payment was less than $1300 a month.  If you or someone you know has an interest in bond for deed check out http://activerain.com/blogs/turnwayn