Oakland, CA asked in Real Estate Law for California

Q: What document in California allows me to sell a property with Owner Financing and get the property back the quickest?

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1 Lawyer Answer
Richard Samuel Price
Richard Samuel Price
Answered
  • Redlands, CA
  • Licensed in California

A: A contract for deed is a form of seller financing in which the property is not transferred until the contract is paid off. You might also do a lease with an option to buy, that way the ownership of the property is not transferred until the tenant/buyer exercises the option to purchase. In a sale with carry back deed of trust, you could do a power of sale foreclosure and get the property back in about four months or have your deed of trust paid off.

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