The Franklin Ohio Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage is a legal document entered into by involved parties for the purchase of a condominium in Franklin, Ohio. This agreement provides a detailed description of the terms and conditions regarding the sale, financing, and existing mortgage of the property, ensuring a smooth transaction. Keywords: Franklin Ohio Agreement to Purchase Condominium, Purchase Money Mortgage Financing, Seller, Subject to Existing Mortgage, legal document, terms and conditions, sale, financing, property, smooth transaction. Different types of the Franklin Ohio Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage may include variations specific to the parties' needs and preferences. These types may include: 1. Franklin Ohio Agreement to Purchase Condominium with Seller Financing and Subject to Existing Mortgage: This type of agreement would specifically involve the seller providing financing for the purchase, in addition to the existing mortgage on the property. 2. Franklin Ohio Agreement to Purchase Condominium with Seller Financing, Subject to Existing Mortgage, and Down Payment Terms: This type of agreement would outline the seller's financing terms, including the amount of down payment required from the buyer, in addition to the existing mortgage on the property. 3. Franklin Ohio Agreement to Purchase Condominium with Purchase Money Mortgage Financing and Seller Carry back: In this type of agreement, the buyer secures purchase money mortgage financing independent of the seller, but the seller agrees to provide additional financing, commonly known as a seller carry back, to supplement the purchase. The agreement would also specify the subject to the existing mortgage on the property. 4. Franklin Ohio Agreement to Purchase Condominium with Assumption of Existing Mortgage: This type of agreement would involve the buyer assuming the existing mortgage on the property, with the seller utilizing purchase money financing to facilitate the purchase. The agreement would detail the terms and conditions of the assumption process, ensuring a smooth transfer of the mortgage responsibility. These variations offer flexibility to the parties involved in tailoring the agreement to meet their specific needs, considering elements such as financing options, down payment terms, and assumption of the existing mortgage.
Franklin Ohio Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage
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