This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
North Carolina Contract for the Sale of Residential Property Assuming Existing Loan and Giving Seller Purchase Money Mortgage or Deed of Trust
State:
Multi-State
Control #:
US-01536BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Contract For The Sale Of Residential Property Assuming Existing Loan And Giving Seller Purchase Money Mortgage Or Deed Of Trust?
Choosing the best legitimate file design could be a battle. Obviously, there are plenty of web templates available on the net, but how would you discover the legitimate kind you require? Make use of the US Legal Forms internet site. The assistance delivers a huge number of web templates, such as the North Carolina Contract for the Sale of Residential Property Assuming Existing Loan and Giving Seller Purchase Money Mortgage or Deed of Trust, that can be used for organization and private requirements. Every one of the kinds are inspected by experts and meet state and federal specifications.
In case you are previously registered, log in for your profile and click the Download switch to get the North Carolina Contract for the Sale of Residential Property Assuming Existing Loan and Giving Seller Purchase Money Mortgage or Deed of Trust. Make use of your profile to search throughout the legitimate kinds you have purchased earlier. Go to the My Forms tab of your profile and acquire yet another duplicate of the file you require.
In case you are a whole new customer of US Legal Forms, listed below are straightforward instructions for you to adhere to:
- Very first, make sure you have chosen the proper kind for your town/area. You are able to look through the shape making use of the Review switch and browse the shape information to guarantee this is the best for you.
- If the kind fails to meet your needs, take advantage of the Seach area to get the right kind.
- When you are positive that the shape is suitable, click the Purchase now switch to get the kind.
- Pick the rates plan you would like and enter the essential information. Create your profile and pay money for an order using your PayPal profile or credit card.
- Opt for the submit formatting and download the legitimate file design for your system.
- Complete, change and print and sign the acquired North Carolina Contract for the Sale of Residential Property Assuming Existing Loan and Giving Seller Purchase Money Mortgage or Deed of Trust.
US Legal Forms will be the largest library of legitimate kinds in which you will find different file web templates. Make use of the service to download skillfully-made papers that adhere to state specifications.
Form popularity
FAQ
Generally, to be legally valid, most contracts must contain two elements: All parties must agree about an offer made by one party and accepted by the other. Something of value must be exchanged for something else of value. This can include goods, cash, services, or a pledge to exchange these items.
Although the buyer makes the mortgage payments, the seller remains responsible for the loan. When the property is sold subject to the loan the buyer is not liable to pay the lender, the original borrower is still primarily liable to the lender.
A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
In North Carolina, a seller can get out of a real estate contract if the buyer's contingencies are not met?these include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale.
A contract is considered non-binding if it explicitly contains language that renders it non-binding or if it lacks any of the key elements that make it binding. Two parties may use a non-binding contract to record preliminary discussions and ensure they agree with the terms without legally committing to them.
Agreement for Purchase and Sale of Real Property (Standard Form 580-T): This type of contract is used for the sale and purchase of commercial real estate and can be used for any form and format of commercial property, including vacant land to be developed commercially and commercial properties that are either owner- ...