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What is a contract for deed in Arizona?

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Arizona Contract for Deed - A.R.S. 33-741

Attorney Steve Vondran, the Real Estate Lawyer (Arizona and California) discusses the "contract for deed" and tries to provide a general legal definition of this concept.  Please do not rely on this podcast as it is not legal advice or a substitute for real estate legal advice.

Under Arizona law, the contract for deed statute states:

2. "Contract" means a contract for conveyance of real property, a contract for deed, a contract to convey, an agreement for sale or any similar contract through which a seller has conveyed to a purchaser equitable title in property and under which the seller is obligated to convey to the purchaser the remainder of the seller's title in the property, whether legal or equitable, on payment in full of all monies due under the contract. This article does not apply to purchase contracts and receipts, escrow instructions or similar executory contracts which are intended to control the rights and obligations of the parties to executory contracts pending the closing of a sale or purchase transaction.

Contact an Arizona real estate law firm

If you need help with a CONTRACT FOR DEED in Arizona, or eminent domain issues surrounding a contract for deed, contact us at (877) 276-5084 or at our website: http://www.AskAttorneySteve.com.

 

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