Fannie Mae Real Estate Purchase Addendum 2014-2025 free printable template
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RED # 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 (“Seller
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People Also Ask about
What is an addendum in real estate?
A real estate addendum modifies an original lease or purchase agreement. Items in the addendum could reflect a change in the agreed-upon price, what is included in the transfer of property, what improvements must be made before the home is paid for, or any other agreed-upon requests or responsibilities.
What is a conflict of interest in Fannie Mae?
There may be a conflict of interest present if any of the following is true: A pre-existing personal or professional relationship exists between employees at the Supplier who are assigned to the engagement or Board member(s) of the Supplier and any Fannie Mae employee, board member or close relative.
What is an example of an addendum?
An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.
What is the purpose of the addendum?
An addendum is used to clarify and add things that were not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).
What are the requirements for a Fannie Mae purchase agreement?
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.
What is an example of an addendum in real estate?
Examples of an Addendum For example, the seller of a house may agree – after the original sales contract has been written – to include certain pieces of furniture for an additional specified sum.
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