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.