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NonDisclosure and Non-Circumvent Agreement in Connection with REO -...

Palm Beach Florida NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business

Name: Palm Beach Florida NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business
Brand: US Legal Forms
Rating: 4.64 (332 reviews)

Category:

Real Estate - Contracts

State:

Multi-State

County:

Palm Beach

Control #:

US-01910BG

Format:

Instant download

Description

A REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. It is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.

After repossession and the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker.

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How to fill out Palm Beach Florida NonDisclosure And Non-Circumvent Agreement In Connection With REO - Real Estate Owned - Sales Business?

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FAQ

What is a Non-Circumvention, Non-Disclosure Agreement? A Non-Circumvention, Non-Disclosure Agreement contains provisions that prohibit a recipient of information from disclosing confidential information and engaging with the contacts of the disclosing party.

Parties The parties to the confidentiality agreement will be the potential buyer and seller. It describes the buyer as the Receiving Party and the seller as the Disclosing Party. In case the buyer has few or no assets, then a guarantor may also be involved.

Also known as a non-disclosure agreement, a non-circumvention agreement is a legally-binding agreement that is established to prevent a business from being bypassed or circumvented by other parties involved in a business deal. It ensures that the business will receive full compensation for its contribution.

The purpose of a Non-Disclosure Agreement An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges.

There are three types of NDAs: unilateral, bilateral, and multilateral.

Disclosing Party means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. Receiving Party means the party receiving Confidential Information from the other party, including any Affiliate of such other party.

The Key Elements of Non-Disclosure Agreements Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.

The purpose of a non-circumvention (or non-circumvent) agreement is to prevent one or more parties from being passed over in a transaction, leaving them without full compensation for their labor or involvement.

More info

In a licensee's real estate business. This organization offers complete access to all of. 52.Broward County Board of. Listings 1 - 25 of 2781 — Find cheap homes and condos for sale, view real estate listing photos, compare properties, and more. Under Florida Statute 475. Same terms and conditions as the Sale Agreement, other than the price. In States where real estate taxes are paid prospectively, Donee shall not be required to credit Donor for any days after closing for which taxes are paid. B. Facilitate Sale of Real Estate Owned (REO) Property. Results 1 - 50 of 3379 — Sumter, South Carolina has 20 Real Estate Brokers on Top Rated Local®. No longer qualified as a real estate investment trust.

Palm Beach Florida NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business

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