Santa Clara California Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage

State:
Multi-State
County:
Santa Clara
Control #:
US-00830BG
Format:
Word; 
Rich Text
Instant download

Description

Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage The Santa Clara California Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage is a legally binding contract that outlines the terms and conditions of purchasing a condominium property in Santa Clara, California, with the assistance of financing provided by the seller. Keywords: Santa Clara California, Agreement to Purchase Condominium, Purchase Money Mortgage Financing, Seller, Subject to Existing Mortgage In this agreement, the buyer expresses their intent to purchase a condominium unit in Santa Clara, California. The agreement specifies that the financing for the purchase will be facilitated by the seller through a purchase money mortgage. This means that the seller acts as the lender, providing the necessary funds to the buyer directly. The agreement acknowledges the presence of an existing mortgage on the property, which the buyer agrees to assume and take subject to. This indicates that the buyer will take on the responsibility of the existing mortgage, including regular mortgage payments and any other associated obligations. The agreement further specifies the purchase price, terms of payment, and any applicable interest rates for the purchase money mortgage. It outlines the responsibilities and obligations of both the buyer and the seller throughout the transaction process. Different types of Santa Clara California Agreements to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage may include variations in terms of payment schedules, interest rates, and other specific conditions depending on the parties involved and the property itself. It is important that buyers and sellers consult with legal professionals to customize agreement terms that suit their individual needs and circumstances.

The Santa Clara California Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage is a legally binding contract that outlines the terms and conditions of purchasing a condominium property in Santa Clara, California, with the assistance of financing provided by the seller. Keywords: Santa Clara California, Agreement to Purchase Condominium, Purchase Money Mortgage Financing, Seller, Subject to Existing Mortgage In this agreement, the buyer expresses their intent to purchase a condominium unit in Santa Clara, California. The agreement specifies that the financing for the purchase will be facilitated by the seller through a purchase money mortgage. This means that the seller acts as the lender, providing the necessary funds to the buyer directly. The agreement acknowledges the presence of an existing mortgage on the property, which the buyer agrees to assume and take subject to. This indicates that the buyer will take on the responsibility of the existing mortgage, including regular mortgage payments and any other associated obligations. The agreement further specifies the purchase price, terms of payment, and any applicable interest rates for the purchase money mortgage. It outlines the responsibilities and obligations of both the buyer and the seller throughout the transaction process. Different types of Santa Clara California Agreements to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage may include variations in terms of payment schedules, interest rates, and other specific conditions depending on the parties involved and the property itself. It is important that buyers and sellers consult with legal professionals to customize agreement terms that suit their individual needs and circumstances.

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Santa Clara California Agreement to Purchase Condominium with Purchase Money Mortgage Financing by Seller, and Subject to Existing Mortgage