Contracts for Deed: Charting Risks and New Paths for Advocacy

In this article, the authors focus on contract for deed reforms adopted in Texas to address what was once a common financing method for low-income buyers attempting to purchase a home. The Texas reforms, now on the books for more than ten years, are some of the most sweeping contract for deed reform...

Full description

Saved in:
Bibliographic Details
Published in:Journal of Affordable Housing & Community Development Law 2014-12, Vol.23 (1), p.37-48
Main Authors: Way, Heather K., Wood, Lucy
Format: Article
Language:English
Subjects:
Balloon payments
Conditional sales contracts
Contracts
Deeds
Finance
Foreclosure
Government finance
Home financing
Home ownership
Housing
Investors
Land contracts
Laws, regulations and rules
Legislatures
Low income groups
Low income housing
Mortgage loans
Mortgages
Poverty
Property deeds
Property taxes
Purchasing
Real estate sales
Reforms
Rentals
Studies
Trust deeds
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In this article, the authors focus on contract for deed reforms adopted in Texas to address what was once a common financing method for low-income buyers attempting to purchase a home. The Texas reforms, now on the books for more than ten years, are some of the most sweeping contract for deed reforms in the country. Drawing from a recent study of homebuyers utilizing seller financing, they then present several problems that still remain for buyers in the wake of these reforms. Looking ahead, they draw on the Texas story and parallel reform efforts in other states to chart a course for future advocacy and policies that will provide a safer path to homeownership for America's most vulnerable homebuyers.
ISSN:1084-2268
2163-0305