Get Baltimore County Settlement Expense Loan Program Contract Addendum - Diversifiedhousing

This guide provides clear, step-by-step instructions on completing the Baltimore County Settlement Expense Loan Program Contract Addendum - Diversifiedhousing online. By following these instructions, you can ensure a smooth and accurate submission of your contract addendum.

Follow the steps to complete your contract addendum with ease.

1. Click ‘Get Form’ button to access and open the Baltimore County Settlement Expense Loan Program Contract Addendum online.
2. In the first section, enter the Addendum number and the date of the agreement in the specified fields. Ensure these details are accurately filled out, as they establish the document's validity.
3. Next, identify the parties involved by entering the names of the Buyer(s) and Seller(s) in their respective fields. This is crucial for the legal recognition of all participants in the agreement.
4. Provide the property address in the dedicated field to specify the location of the real estate transaction associated with this addendum.
5. Moving to the main provisions, confirm that the transaction is contingent on the Buyer obtaining a loan approval from the Baltimore County Settlement Expense Loan Program, which should not exceed $10,000.
6. Acknowledge the requirement for the property to meet Federal Housing Quality Standards. Ensure that the Seller is aware that utilities must be operational for inspections to proceed.
7. If deficiencies are noted during the inspection, both parties must agree on the correction and reinspection process. Record the necessary actions to address any identified issues before final approval.
8. Document the agreement regarding repair costs and the conditions under which the contract may be terminated if repairs exceed specified amounts.
9. Insert dates and signatures for the Buyer(s) and Seller(s) to finalize the document, ensuring that all parties acknowledge their responsibilities per the addendum.
10. Once all fields are completed, review the form for accuracy. Save your changes, and consider downloading or printing a copy for your records and further sharing.

Complete your Baltimore County Settlement Expense Loan Program Contract Addendum - Diversifiedhousing online today to streamline your real estate transaction.