Get the free 1331 - Financing Addendum - 608.pdf

Financing Addendum (For use in Montgomery County and Washington, DC) The Contract of Sale dated, Address City, State Zip between Seller and Buyer is hereby amended by the incorporation of this Addendum,

How to fill out 1331 - financing addendum

How to fill out 1331 - financing addendum:

1. Start by entering the date on the designated line at the top of the form.
2. Provide the names of all parties involved in the transaction in the appropriate sections.
3. Fill in the details of the property being financed, including the address and legal description.
4. Specify the type of financing being used, such as a conventional loan or an FHA loan.
5. Input the loan amount and any down payment or earnest money being provided.
6. Include any additional terms or conditions related to the financing, such as interest rates or loan contingencies.
7. If applicable, disclose any additional costs or fees associated with the financing, such as origination fees or mortgage insurance.
8. Review the completed form for accuracy and make any necessary corrections or amendments before signing.
9. All parties involved in the transaction, including the buyer, seller, and any lenders, should sign and date the form to indicate their agreement.

Who needs 1331 - financing addendum?

1. Individuals or entities involved in a real estate transaction that requires financing may need to use the 1331 - financing addendum.
2. This form is typically used when there are specific terms or conditions related to the financing that need to be added to the purchase agreement.
3. Buyers, sellers, and lenders may all require the use of this addendum to ensure that all parties are informed about the financing arrangements and any additional terms or conditions that may apply.

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What is 1331 - financing addendum?

1331 - financing addendum is a form used to disclose the details of financing related to a real estate transaction.

Who is required to file 1331 - financing addendum?

The parties involved in a real estate transaction, such as buyers, sellers, and agents, are required to file 1331 - financing addendum.

How to fill out 1331 - financing addendum?

1331 - financing addendum should be completed by providing accurate and detailed information about the financing terms and conditions of the real estate transaction.

What is the purpose of 1331 - financing addendum?

The purpose of 1331 - financing addendum is to provide transparency and clarity regarding the financing arrangements in a real estate transaction.

What information must be reported on 1331 - financing addendum?

Information such as loan amount, interest rate, lender's name, and any other financing terms must be reported on 1331 - financing addendum.