The execution of a Bond for Deed Contract can happen in a more robust timeframe. It can happen within the timeframe agreed upon by all parties; it can literally be done within hours of the agreement signed by all parties of the Bond for Deed Contract or a date and time agreed upon by all parties. An attorney, Notary or Title Company will normally execute the documentation necessary to transact the Bond for Deed Contract between all individuals. The Bond for Deed Contract will be signed in front of an Attorney or Notary and the documentation will outline key points that have been agreed upon by all parties to the Bond for Deed Contract such as, where the installments are to be made, the date that installments are due and more specific verbiage as agreed upon and outlined in the Bond for Deed Contract. Each Bond for Deed Contract is usually uniquely worded as to the items agreed upon by all individuals so that each has a clear understanding of the Bond for Deed Contract. Cancellation of a Bond for Deed Contract also happens in a more rapid timeframe than a normal foreclosure. Bond for Deed Contract installments are normally paid on the date stipulated in the Bond for Deed Contract and again within 30 days. Once a payment is late, the buyer sent a certified default notice to the last known address, and the buyer has not cured the default within 45 days, the Seller can have the Bond for Deed Contract canceled in the Conveyance office in which it was recorded. Once canceled the Seller is able to again sell the property with any improvements that may have been made by the Buyers. The owner does not have to reimburse for any improvements to the property. The seller can take back possession of the property and execute another Bond for Deed on the same property within the 45-day timeframe provided all necessary notifications have been sent and the Bond for Deed Contract has been canceled at the Conveyance office.