One To Four Contract Forward
Description
How to fill out Texas One To Four Family Residential Contract - Resale - All Cash, Assumption, Third Party Conventional Or Seller Financing?
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FAQ
The answer is Paragraph 11, Special Provisions. Buyer submits an offer for buyer to purchase seller's property using the One to Four Family Residential Contract. Seller counteroffers, buyer accepts seller's counteroffer, and the buyer signs the contract.
What information is NOT required to fill out paragraph 3 of the TREC One to Four Family Residential Contract? The answer is interest rate. The buyer has offered to assume seller's loan under the TREC Loan Assumption Addendum, so long as the lender does not charge more than a $1,000 loan assumption fee.
Expert-Verified Answer. The information is required to fill out paragraph 3 of the trec one to four family residential contract will be interest rate. It informs the buyer that they may be extra charges or taxes if the property is located in an utilities company service area.
The Termination Option Under Paragraph 5(A), the option fee must be paid to the escrow agent along with the earnest money within three days after the effective date of the con- tract. The earnest money and option fee may be paid separately or combined in a single payment.
The One to Four Family Residential Contract states that all communication from one party to the other must be in writing and are effective when emailed, mailed, hand delivered, or faxed to the contact info listed in the blanks of paragraph 21.