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11042024[10072022]Page 2 of 2PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)THIRD PARTY FINANCING ADDENDUMEQUAL HOUSING OPPORTUNITYTO CONTRACT CONCERNING THE PROPERTY AT(Street Address and
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How to fill out third party financing addendum

01
Start by obtaining a copy of the third party financing addendum form.
02
Fill in the basic information such as the name of the buyer, seller, and property address.
03
Specify the terms of the financing arrangement, including the loan amount and interest rate.
04
Include any relevant deadlines or contingencies that need to be met for the financing to go through.
05
Make sure both parties sign and date the addendum to make it legally binding.

Who needs third party financing addendum?

01
Individuals or companies who are looking to purchase real estate property but require financing from a third party such as a bank or mortgage lender.
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A third party financing addendum is a legal document that outlines the terms and conditions under which a buyer will obtain financing for a property through a third party lender.
Typically, the buyer is required to file the third party financing addendum when they are seeking financing from a lender to purchase a property.
To fill out a third party financing addendum, the buyer must provide information such as the purchase price, amount of the loan, interest rate, terms of the loan, and any contingencies related to obtaining financing.
The purpose of the third party financing addendum is to protect both the buyer and the seller by clearly defining the financing details and contingencies prior to the completion of the real estate transaction.
The addendum must report information such as the loan type, amount, interest rate, lender details, terms of repayment, and any contingencies related to loan approval.
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