Late Notification – Payments made under contract for the deed “This is a notice of delay that the seller makes available to the Buyer when the circumstances of the delay relate to payments due towards the purchase price of the contract for the facts. Latest notification regarding the payment period due under the contract for the facts “This is the same information as the notification on late payments due, but offers a more severe warning to the buyer than if the payment terms are not met by the specified time, the seller will use the measures available against the seller to correct the default or terminate the contract and obtain damages. Seller`s Disclosure Notice for Lead Based Paint for Contract for Deed ” This form is used when the building that is transferred under the contract contains a residence. Lead colour may be present in less modern structures and may pose a deadly danger to the health of children and sometimes adults. A seller who wishes to inform the buyer of the risks associated with lead paint can do so with this form. Seascape Capital has participated in numerous sales of Alabama tickets and deed contracts. Seascape holds a full license and has an A-grade from the Better Business Bureau. Whether you are considering selling a property with a contract for a deed or a mortgage, many of the basics apply in the same way to the sale: in Alabama, a written contract for the sale of real estate must happen to engage the parties. [v] Even if the property is exchanged for nominal consideration, these “free promotions” (i.e.
free) are generally valid. [vi] This often occurs when property is lent to family members, the promotion is made at $1 and the property is signed in a quittis. Real estate agents are unlikely to face a counter-issue, as real estate contracts almost always involve the payment of property and agency contracts involve future payments for services. Considerations may arise in the case of so-called fraudulent transfers, in which the owners transfer the property for little real money in an attempt to avoid the loss of the property (bankruptcy), which affects the capital of the property, which has the benefits of the owner (Medicaid), or the owner tries to avoid the loss of the property on the basis of a court order (p. B of a divorce judgment). Notification of the intention to apply the forfeiture provisions in the termination contract “If a seller wishes to enforce the forfeiture provisions of the termination contract of that intention, the buyer must be made available to the buyer. Since forfeiture is often the best way, this form should be used in almost all cases where a default is imminent. If you are not familiar with the remedy forfeiture and the process of using this form, a lawyer`s consultation is recommended. Real Estate Information “This form is used when the property transferred under contract contains a residence.