CFD-Know Your Bank!
By Rosalie Evans, The Evans Group, Sioux Falls, SD Homes For Sale
(Meritus Group Real Estate)
Once upon a time a women wrote a contract. The contract was with a couple who seemed normal….emphasis on seemed. This woman bought contract for deed/land contract....as in where the owners of the property act as the bank. It started out innocently enough, the contract was written, the trasaction closed and the woman moved in. The night of the move in the lady met her “bank” for the first time. They came to the door unannounced and introduce themselves and they seemed nice and normal. They also pressed her to do direct withdrawl of the contract payment every month. They didn’t ask, they TOLD her that this was the way it was going to be. It was not in the contract that it was to be this way, but she agreed to do it anyway to keep the peace. Two days later when she hadn’t had time to sh...
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