Get Ut Assumption Addendum To Real Estate Purchase Contract 1998-2025

The UT Assumption Addendum To Real Estate Purchase Contract is a vital document for buyers assuming an existing loan in real estate transactions. This guide provides clear, step-by-step instructions on how to fill out this addendum online, ensuring a seamless experience for users with varying levels of legal knowledge.

Follow the steps to complete the addendum effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editing interface.
2. Begin filling in the offer reference date at the top of the addendum. This date indicates when the contract was originally offered.
3. In the designated fields, enter the names of the buyer and seller involved in the real estate transaction.
4. Fill in the property location details including the address of the property that is the subject of this addendum.
5. For the assumption of the existing loan, input the approximate loan amount as well as the monthly payment details, choosing whether they include principal and interest, real estate taxes, property insurance premium, or mortgage insurance premium.
6. Indicate whether the sale is conditioned on the seller being released from liability on the existing loan by checking the appropriate box.
7. If applicable, specify any net differences between the expected loan balance and the actual balance at settlement. Choose whether this will be adjusted in cash or another specified method.
8. Enter any reserve account balance that the buyer agrees to purchase at settlement.
9. Complete the acceptance section by checking the appropriate box for either acceptance, counteroffer, or rejection. Provide signatures and dates where required.
10. Review all entered information for accuracy, and once everything is correct, you may save your changes, download, print, or share the completed form.

Start completing your UT Assumption Addendum To Real Estate Purchase Contract online today!