Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Why Do a Bond For Deed?
*Please note- this is only information for Louisiana*
What is a bond for deed?
"A bond for deed is a contract to sell real property, in which the purchase price is paid in installments and in which the Seller, after the payment of a stipulated sum, agrees to deliver title to the buyer."
It is a contract, not a "sale", with the promise to transfer title when contract is paid All terms are negotiable between parties Installments can be one or as many as the parties agree to Title stays in Sellers name until contract is paid in full, in accordance with terms There can be many advantages for Sellers to consider Bond for Deed.  You increase the pool of prospective buyers by offering "seller financing".  Your property might be difficult to finance in the current market, such as rural property, manufactured housing, a rehab property, or commercial.  A bond for deed is less expensive and quicker to close (usually within 7 days).  
An escrow service is essential.  If you have a mortgage on the property, it is required by law!  Whether or not there is a mortgage, the seller is required to keep a full accounting of every payment as to it's P&I ... more

__________________________________________________
Are you on The Rain? Grow Your Network!