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What is the difference between a Land Contract and a Seller Carry with a First Deed of Trust?

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May 07 - Mesa
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Land Contracts are considered an "Agreement for Sale" in which you do not receive title to the property, but the contract is recorded, solidifying the "Equitable Interest" in the property.  If the you are negotiating a Seller Carry with a First Deed of Trust, you are simply doing a Mortgage Loan which is handled through Loan Servicing by a Escrow/Title Company or a RE Broker. Seller is Beneficiary, Buyer is Trustor and Loan Servicesor is the Trustee.
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May 24
 

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