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Get the free Third Party Financing Addendum - TREC - Texas.gov

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11132019 111518-Page 2 of 2 PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE)THIRD PARTY FINANCING ADDENDUMEQUAL HOUSING OPPORTUNITY TO CONTRACT CONCERNING THE PROPERTY AT(Street Address and
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01
To fill out a third party financing addendum, follow these steps:
02
Start by entering the date on the top of the form.
03
Input the names of the buyer, seller, and lender involved in the financing agreement.
04
Specify the property address and legal description.
05
Indicate the purchase price of the property and the amount of financing being obtained.
06
Include any additional terms and conditions related to the financing, such as interest rate, repayment schedule, or contingencies.
07
Sign and date the addendum along with the buyer, seller, and lender.
08
Keep a copy of the completed addendum for your records.

Who needs third party financing addendum?

01
The third party financing addendum is needed by individuals or entities involved in a real estate transaction where the buyer is obtaining financing from a lender other than the seller. This could include homebuyers, real estate investors, or businesses purchasing commercial properties with third party financing.
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Third party financing addendum is a document that outlines the details of a financing agreement between a buyer, seller, and a third-party lender.
The buyer and seller involved in a real estate transaction are required to file the third party financing addendum.
To fill out the third party financing addendum, the buyer and seller must provide details of the financing agreement, including the loan amount, interest rate, repayment terms, and any other relevant information.
The purpose of the third party financing addendum is to ensure transparency and clarity in real estate transactions involving third-party financing.
The third party financing addendum must include details of the financing agreement, such as the loan amount, interest rate, repayment terms, and the name of the third-party lender.
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