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Get Fannie Mae Real Estate Purchase Addendum 2014-2025

REO # REAL ESTATE PURCHASE ADDENDUM This Real Estate Purchase Addendum (Addendum) is to be made part of, and incorporated into, the Real Estate Purchase Contract (the "Contract "), between.

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Having Fannie Mae acquire your mortgage is not inherently negative. Many homeowners benefit from Fannie Mae's programs, which often provide favorable terms and stability. It can lead to more flexible payment options and support throughout the mortgage lifecycle. Ultimately, it is wise to understand how this might affect your specific situation.

An addendum must be written clearly and in a professional tone. Start with a title that identifies it as an addendum. Include essential details such as parties' names and the date, followed by the specific changes or additions to the contract. Ensure all parties understand the content, and obtain their signatures to make it legally binding.

To amend a real estate contract, start with a title that clearly indicates it's an amendment. Include the original contract's date, property address, and involved parties' names. Specify which sections you are changing and describe the new terms or conditions. Both parties must sign the amendment for it to be valid, ensuring it integrates seamlessly with the original contract.

To write a real estate addendum, start by clearly labeling the document as an addendum. Include the date, property address, and all parties involved. Clearly state the specific terms and conditions being added or modified. Ensure that everyone involved reviews and signs the addendum, making it a binding part of the original agreement.

Personal property may not be included as additional security for any mortgage on a one-unit property unless otherwise specified by Fannie Mae.

CRA defines a non-arm's length transaction as “a relationship or transaction between persons who are related to each other.”

“Arm's length” is an expression which is commonly used to refer to transactions in which two or more unrelated and unaffiliated parties agree to do business, acting independently and in their self-interest.

Non-arm's length (NAL) transactions are purchase transactions in which there is a relationship or business affiliation between the seller and the buyer of the property.

In a non-arm's length transaction, there is a preexisting relationship between the buyer and the seller. In an arm's length transaction, there is no preexisting relationship between the buyer and the seller. If your parents sell you their old beater car, that's a non-arm's length transaction.

The contract must be in writing, contain the full names of the buyer(s) and seller(s), identify the property address or legal description, identify the sales price, and include signatures by the parties. Sales contracts are also known as agreements of sale, purchase agreements, or contracts for sale.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232