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Get Fannie Mae Real Estate Purchase Addendum 2014-2025
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How to fill out the Fannie Mae Real Estate Purchase Addendum online
Filling out the Fannie Mae Real Estate Purchase Addendum online can seem daunting, but this guide provides clear instructions to help you navigate each section of the form with confidence. Whether you are a first-time homebuyer or an experienced investor, you will find step-by-step guidance tailored to your needs.
Follow the steps to complete your addendum successfully.
- Click the ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- Begin by entering the REO number and the full names of both the Seller and Purchaser in the designated fields. Ensure spelling is accurate for proper identification.
- Specify the address of the Property where the transaction will occur. This will be essential for all legal references in the Agreement.
- Fill in the purchase price of the property in the Offer section. Both parties must acknowledge this for the Offer to be deemed sufficient.
- Proceed to the Acceptance of Offer section. Confirm that all parties will sign the Agreement to make it binding.
- In the Financing section, check the appropriate option regarding whether the Agreement is contingent upon financing. Specify the loan type and amounts as applicable.
- Review and complete the Inspections section. Indicate the timeline for inspection and acceptance of the property condition.
- Address the Terms regarding Repairs, which clarify responsibilities for any required repairs prior to closing.
- Review the Occupancy Status of the Property. Indicate whether the Purchaser intends to occupy it as their primary residence.
- As you finalize the document, double-check all entered information for accuracy. Save your changes regularly.
- After completing the addendum, you can save changes, download the document for printing, or share it as needed.
Start filling out your documents online today for a more efficient process.
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.
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