The 2 Disadvantages of a Contract For Deed are:
- Seller retains the right to the property.
- No professional appraisal is required, so you might pay more than the home is worth.
Disadvantages of contract for deed includes:
- <u> Seller retains rights to the property,</u> and he can cancel the contract if the buyer defaults even once on his payments.
- <u>No professional appraisal is required, so you might pay more than the home is worth. </u>There is no requirement for appraisal of the property so the buyer does not have a reliable estimate of property worth.
<h3>What is a Contract For Deed?</h3>
A contract for deed is a unique financing tool available for a buyer, typically used when purchasing property. The buyer makes monthly payments on the property and receives the title only after the full purchase price is paid. The seller retains the title of the property until then.
Whether you’re the buyer or the seller, there are both advantages and disadvantages to a contract for deed.
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Answer:
The Black Codes, sometimes called Black Laws, were laws governing the conduct of African Americans (free blacks). The best known of them were passed in 1865 and 1866 by Southern states, after the American Civil War, in order to restrict African Americans' freedom, and to compel them to work for low wages.
It helps you understand by showing you that even though African Americans were considered free, the laws were made in a way that they were still under the control of the people who once enslaved them.
Your answer would be trade. Hope this helps!
