Prepare a Joint Venture Agreement for the Purchase of a Mortgage with this template for the United States. The Agreement establishes a joint venture between several parties who are jointly purchasing a promissory note secured by a mortgage or deed of trust. The Agreement sets out how the joint venture will be operated, including:

• Each party shall contribute a specified amount of capital, and make additional contributions as required.


• Each party is entitled to revenues in proportion to their respective interests.


• Decisions require the approval of all venturers.


• The joint venture will not maintain a bank account in its own name, but will use a mortgage servicing company to collect payments and make distributions.


• The parties appoint an attorney in fact to effect the purchase of a suitable mortgage.

This USA Joint Venture Agreement is provided in MS Word format, and is fully editable to suit your specific needs.