Purchase Agreement for Mortgage | USA
Use this Purchase Agreement to transfer a mortgage and promissory note from one lender to another.
- The agreement is conditional upon the buyer obtaining adequate funds to finance the purchase.
- The buyer will pay for all closing costs, including report and appraisal fees, title examination and insurance.
- 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 warranty or representation made by the seller.
- The seller sells and assigns the note and mortgage without recourse, and the seller assumes no responsibility or liability with respect to the mortgagor's financial performance.
- Available in MS Word format.
- The form can be used throughout the United States.
Download Type:
Microsoft Word
Last Updated: 27-June-2023
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