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    Partial Purchase Agreement for Note and Deed of Trust | USA


    Transfer a part interest in a Deed of Trust and underlying promissory note with this Partial Purchase Agreement for Note and Deed of Trust.

    • The buyer agrees to purchase the interest without recourse as to the borrower's future financial performance.
    • The buyer will be entitled to a specified number of installment payments, following which the interest will revert back to the seller.
    • The seller's liability is limited to the seller's residual interest in the Note and Deed of Trust.
    • The agreement is conditional upon the buyer obtaining adequate funds to finance the purchase.
    • If the seller cancels the agreement prior to closing, the seller must pay a cancellation fee, plus any costs incurred by the buyer.
    • The seller indemnifies the buyer against any liability or expense arising from any inaccuracy or breach of any of the seller's representations or warranties.
    • Available in MS Word format.
    • This template form can be used by lenders anywhere in the United States.
    Download Type: Microsoft Word
    Last Updated: 30-March-2024
    SKU: 7847