Alternative Financing – Understanding Bond for Deed Class

$10.00

2 credit hours class.
Did you know that you can sell a property without a bank loan, appraisal or credit check? A bond for deed allows a willing buyer and seller to agree on a price and terms, with the seller turning over the title only after the buyer has successfully made all of his payments.
This class discusses bond for deed sales, their uses, and common issues under such sales.
The class slides are provided here free of charge for your benefit.
Owner Finance BFD Seminar Class PDF

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August 9, 2018 | 9:30am-11:30am | Class location:
Century 21 Richard Berry & Assoc, 2330 Lapalco Blvd., Harvey, LA 70058

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Description

About the Instructor

Deryle Bourgeois is a licensed notary public in the state of Louisiana and has closed more than 20,000 sales in and around the New Orleans area. A recognized expert in the field of Bond for Deed contracts, Mr. Bourgeois is regularly consulted by legal and lay persons alike for his knowledge and experience. Since 1990, Mr. Bourgeois and Southern Title have closed over 4,500 Bond for Deed sales.

Course Outline

  • MODULE ONE: UNDERSTANDING BOND FOR DEED CONTRACTS
  • MODULE TWO: SELLER CONCERNS
  • MODULE THREE: BENEFITS TO BUYER
  • MODULE FOUR: BENEFITS TO SELLER
  • MODULE FIVE: REAL ESTATE AGENT ISSUES
  • MODULE SIX: ROLE OF ESCROW AGENT
  • MODULE SEVEN: MECHANICS OF BOND FOR DEED CONTRACTS
  • MODULE EIGHT: WHEN TO USE BOND FOR DEED
  • MODULE NINE: INSURANCE

Course Description

This course will provide the student with an understanding of Bond For Dead contracts, their use, benefits to buyers and sellers, issues that can arise with their use and the mechanics of structuring such transactions.
Examples will be used to explain the concepts covered in this course, and by the end of the seminar, the student will be familiar with Bond For Deed contracts, their usage, and rationale.

Course Objectives

  • Understand when to use Bond For Deed contracts
  • Describe the benefits to both buyers andsellers
  • Identify common issues that arise from using Bond For Deeds
  • Explain the basic mechanics of structuring a Bond For Deed transaction

Course Materials

All materials needed for this course are included in this manual. Links to additional materials are included in the Sources section at the end of this manual.

Course Requirements

If this course if given in a live format, then you must be present for the full two hours of the course to receive credit for attending.

Vendor or School Policies
Pre-requisites

There are no educational pre-requisites for this course.

Registration

Registration for this course may be completed by phone, fax or email. Payment is due on or before the start of class. Any attempt to take this course under an assumed identity will forfeit your right to a certificate of completion and may result in sanctions by the Louisiana State Real Estate Commission.
You must complete a Student Identify Affidavit attesting that you completed this course yourself.

Attendance

You must be present for the entire two-hour session to receive credit for attendance. Partial credit is not given for partial attendance.

Course Participation

Instructors may not, in any venue, answer questions of a personal or legal nature, and students should not interpret any information received from instructors or course content as being legal advice.

Cell Phones

Please turn off all cell phones prior to the start of class.

Course Completion

If this course if given in a live format, creditor then you must be present for the full two hours of the course credit for attending. You must submit your Louisiana State real estate license number so that we can report your hours to the Louisiana Real Estate Commission.

Contact Us

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