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Third Party Financing Addendum (Form ID: 40-7) ... type of financing for all or part of the purchase price will be provided by a third-party (not the Seller or Buyer).
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How to fill out financing addendum page 1

01
To fill out the financing addendum page 1, follow these steps:
02
Start by entering the date of the agreement in the designated field.
03
Provide the names of the buyer(s) and seller(s) involved in the transaction.
04
Specify the property address and legal description.
05
Indicate the purchase price and financing terms, such as loan amount, interest rate, and loan term.
06
Enter information about the lender or financing institution.
07
Provide details about any down payment or earnest money deposit.
08
Include any additional terms or conditions related to the financing agreement.
09
Both the buyer(s) and seller(s) should read and understand the contents of the addendum.
10
After reviewing, the parties involved should sign and date the document.
11
Retain a copy of the filled-out financing addendum page 1 for your records.

Who needs financing addendum page 1?

01
Financing addendum page 1 is required for anyone involved in a real estate transaction where financing is involved.
02
This includes both the buyer(s) and seller(s) of the property.
03
The addendum helps outline the specific terms and conditions of the financing agreement, ensuring both parties are aware of their responsibilities and obligations.
04
Whether obtaining a loan or providing seller financing, having a financing addendum page 1 is crucial for maintaining clarity and legal protection in the transaction.
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Financing addendum page 1 is a document that outlines the terms and conditions of financing for a specific transaction.
The parties involved in a transaction, such as buyers and sellers, are required to file financing addendum page 1.
Fill out the financing addendum page 1 by providing accurate information about the financing terms, conditions, and parties involved in the transaction.
The purpose of financing addendum page 1 is to document and disclose the financing arrangements for a transaction.
Information such as the loan amount, interest rate, repayment terms, and any other financing details must be reported on financing addendum page 1.
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