Salt Lake Utah Short Sale Affidavit of Buyer

State:
Multi-State
County:
Salt Lake
Control #:
US-02761BG
Format:
Word; 
Rich Text
Instant download

Description

In real estate, a short sale occurs when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor (i.e., the seller). Circumstances determine whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. An arms-length or short sale affidavit is a document created by a bank in an attempt to prevent sellers from selling to relatives or friends to act as a straw buyer. Sometimes sellers make such side agreements. Then, after the transaction closes, the pretend buyers quickly transfer title back to the seller. This practice, in affect, means the sellers have repurchased their home at maybe half the cost, which greatly benefits those sellers.

How to fill out Salt Lake Utah Short Sale Affidavit Of Buyer?

Dealing with legal forms is a must in today's world. Nevertheless, you don't always need to look for qualified assistance to create some of them from the ground up, including Salt Lake Short Sale Affidavit of Buyer, with a service like US Legal Forms.

US Legal Forms has over 85,000 forms to select from in various categories varying from living wills to real estate papers to divorce papers. All forms are arranged according to their valid state, making the searching experience less frustrating. You can also find information resources and tutorials on the website to make any activities related to paperwork execution straightforward.

Here's how to locate and download Salt Lake Short Sale Affidavit of Buyer.

  1. Take a look at the document's preview and outline (if provided) to get a basic information on what you’ll get after getting the document.
  2. Ensure that the template of your choice is specific to your state/county/area since state regulations can affect the legality of some documents.
  3. Check the related document templates or start the search over to locate the appropriate file.
  4. Hit Buy now and create your account. If you already have an existing one, select to log in.
  5. Choose the option, then a suitable payment method, and purchase Salt Lake Short Sale Affidavit of Buyer.
  6. Choose to save the form template in any available file format.
  7. Go to the My Forms tab to re-download the file.

If you're already subscribed to US Legal Forms, you can locate the appropriate Salt Lake Short Sale Affidavit of Buyer, log in to your account, and download it. Of course, our website can’t take the place of an attorney entirely. If you need to cope with an extremely challenging situation, we recommend getting a lawyer to examine your document before executing and filing it.

With over 25 years on the market, US Legal Forms proved to be a go-to provider for many different legal forms for millions of users. Join them today and get your state-compliant paperwork with ease!

Trusted and secure by over 3 million people of the world’s leading companies

Salt Lake Utah Short Sale Affidavit of Buyer