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The purchaser is considered the owner for income tax purposes and assumes the responsibility for property taxes insurance and property maintenance. Bond for Deed Contract installments are normally paid on the date stipulated in the Bond for Deed Contract and again within 30 days. Download Rick Regan Summary Bond For Deed Louisiana Trust Email Pdffiller A Bond for Deed BFD is defined as a contractual agreement to sell real property in which the purchase price is to be paid by the buyer to the seller in installments and in which the seller agrees to deliver title to the buyer after payment of a stipulated sum. Bond for deed . Contract for deed used in Louisiana. A Bond for Deed transaction is a Louisiana real estate contract in which the purchase price is paid in installments and a title is transferred to the buyer after the payments are made in full. A Bond for Deed is a Detroit real estate contract in which the purchase price is paid in installments and title is transferred after t