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SELLER FINANCING ADDENDUM 1. THE PARTIES. This Seller Financing Purchase Agreement Addendum (Addendum) made this ___ is by and between: Seller: ___ (Seller) and Buyer: ___ (Buyer). The Seller and
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How to fill out seller financing addendum to

01
Fill out the basic information such as names of the buyer and seller, property address, and purchase price.
02
Specify the terms of the seller financing, including the interest rate, payment schedule, and any balloon payments.
03
Include any additional agreements or contingencies regarding the financing arrangement.
04
Have both parties sign and date the addendum to make it legally binding.

Who needs seller financing addendum to?

01
Buyers who are unable to secure traditional financing from a bank or other financial institution may need a seller financing addendum to facilitate the purchase of a property.
02
Sellers who are willing to offer financing to a buyer in order to close the sale may also need a seller financing addendum to formalize the terms of the arrangement.
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Seller financing addendum is an additional document attached to a real estate contract that outlines the terms and conditions of seller financing.
The buyer and seller involved in a real estate transaction where seller financing is being used are required to file the seller financing addendum.
To fill out the seller financing addendum, both parties need to agree on the terms of the seller financing and then incorporate those terms into the addendum.
The purpose of the seller financing addendum is to provide a clear and detailed outline of the financing terms agreed upon by the buyer and seller.
The seller financing addendum must include information such as the loan amount, interest rate, repayment schedule, and any other relevant financing terms.
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