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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE)THIRD PARTY FINANCING ADDENDUM TO CONTRACT CONCERNING THE PROPERTY AT 4321 Main Street Houston (Street Address and City)A. TYPE OF FINANCING AND

How to fill out third party financing addendum

How to fill out third party financing addendum

1. Step 1: Obtain a copy of the third party financing addendum form.
2. Step 2: Read the addendum form carefully and make sure you understand all the terms and conditions.
3. Step 3: Fill in the necessary information in the designated fields, such as the buyer and seller's names, property address, and purchase price.
4. Step 4: Specify the terms of the financing agreement, including the loan amount, interest rate, and repayment terms.
5. Step 5: Attach any required supporting documents, such as a pre-approval letter from the financing institution.
6. Step 6: Review the completed addendum form to ensure accuracy and completeness.
7. Step 7: Sign and date the addendum form, along with any other required parties, such as the seller or the lender.
8. Step 8: Submit the filled-out addendum form to the appropriate parties, such as the real estate agent or the attorney handling the transaction.
9. Step 9: Keep a copy of the completed addendum form for your records.

Who needs third party financing addendum?

1. Buyers who require third party financing to purchase a property.
2. Sellers who are willing to accept offers with third party financing.
3. Real estate agents who want to facilitate transactions involving third party financing.
4. Lenders or financing institutions involved in the financing process.

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What is third party financing addendum?

The third party financing addendum is a document that outlines the details of a financing agreement between the buyer and a third party lender.

Who is required to file third party financing addendum?

The buyer is typically required to file the third party financing addendum as part of the real estate transaction process.

How to fill out third party financing addendum?

The third party financing addendum can be filled out by the buyer with the assistance of their real estate agent or attorney.

What is the purpose of third party financing addendum?

The purpose of the third party financing addendum is to disclose the details of the financing arrangement to all parties involved in the real estate transaction.

What information must be reported on third party financing addendum?

The third party financing addendum typically includes details such as the loan amount, interest rate, repayment terms, and any other relevant financial information.