Get Cya Letter

The Cya Letter serves as an important document for individuals involved in real estate transactions. This guide will provide you with a clear, step-by-step approach to fill out the Cya Letter online, ensuring that all necessary information is captured accurately.

Follow the steps to complete the Cya Letter effectively.

1. Click the ‘Get Form’ button to access the form and open it in the editor.
2. Begin by entering the purchase terms in the relevant field. Specify the property that is the subject of the agreement.
3. Indicate the date of filling out the letter. This serves as an official reference point for the agreement.
4. Provide details about the existing loan on the property, particularly highlighting the due on sale clause. This clause gives the lender the authority to call the entire loan due upon a transfer of title.
5. Acknowledge that the loan will remain in your name until paid off or assumed by a future buyer. Make sure to reflect this understanding in the designated section.
6. Clarify that the buyer does not intend to assume the loan and confirm that no promises have been made regarding the loan’s assumption or payoff.
7. Include a statement holding harmless the buyer or assigns regarding the possibility of the loan being called due or going into default.
8. If applicable, include any notes regarding payments in arrears and discuss the agreements around making back payments upon resale.
9. Ensure that both parties provide their signatures, along with the dates, at the bottom of the document to validate the agreement.
10. Once all sections are completed, review the document for accuracy. You can save changes, download, print, or share the form as needed.

Complete your Cya Letter online today to ensure your real estate transactions are secure and properly documented.